NasdaqGS:ODFLTransportation
Old Dominion Lifts Dividend As Freight Cycle And Earnings Stay Soft
Old Dominion Freight Line (NasdaqGS:ODFL) has approved a first quarter dividend increase.
The company is raising its payout while the freight market remains challenging and recent earnings have been soft.
The move extends Old Dominion Freight Line's pattern of returning capital to shareholders.
Old Dominion Freight Line operates in the less than truckload segment, a part of freight where volumes and pricing can be sensitive to economic conditions. The decision to lift its dividend while the...