SA: Record Old Dominion raises dividend by ~33% to $0.40/share

SEEKING ALPHA reports:

– Old Dominion Freight Line (NASDAQ:ODFL) declares $0.40/share quarterly dividend, a 33.3% increase from its prior dividend of $0.30.

– Forward yield: 0.48%…

The full post is here.

Its record numbers, released today, can be found here.

In his prepared remarks, CEO Greg Gantt said:

“Old Dominion produced fourth quarter financial results that allowed us to finish the year with company records for annual revenue and profitability. The results for both the quarter and the year reflect a continued focus on the consistent execution of our long-term strategic plan. This plan revolves around our ability to provide superior service at a fair price while also ensuring that we have sufficient capacity to support our anticipated growth. As a result, we have created an unmatched value proposition in our industry that helped us achieve over $1 billion of revenue growth for the second straight year in 2022.”

Stock up  to $348, +4.43%, in pre-market trade.