ODFL (Old Dominion Freight Line) Dividend Yield % (2024)

What is Old Dominion Freight Line Dividend Yield %?

As of today (2024-05-28), the Trailing Annual Dividend Yield of Old Dominion Freight Line is 0.50%.

Good Sign:

Old Dominion Freight Line Inc stock dividend yield is close to 10-year high.

The historical rank and industry rank for Old Dominion Freight Line's Dividend Yield % or its related term are showing as below:

ODFL' s Dividend Yield % Range Over the Past 10 Years
Min: 0.1 Med: 0.33 Max: 0.5
Current: 0.5

During the past 13 years, the highest Dividend Yield of Old Dominion Freight Line was 0.50%. The lowest was 0.10%. And the median was 0.33%.

ODFL's Dividend Yield % is ranked worse than
93.74% of 623 companies
in the Transportation industry
Industry Median: 2.86 vs ODFL: 0.50

Old Dominion Freight Line's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.19.

During the past 13 years, the highest Dividend Payout Ratio of Old Dominion Freight Line was 0.15. The lowest was 0.07. And the median was 0.09.

As of today (2024-05-28), the Forward Dividend Yield % of Old Dominion Freight Line is 0.60%.

Old Dominion Freight Line's Dividends per Share for the three months ended in Mar. 2024 was $0.26.

During the past 12 months, Old Dominion Freight Line's average Dividends Per Share Growth Rate was 32.30% per year.During the past 3 years, the average Dividends Per Share Growth Rate was 38.40% per year.During the past 5 years, the average Dividends Per Share Growth Rate was 36.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Old Dominion Freight Line was 38.40% per year. The lowest was 31.40% per year. And the median was 35.25% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Old Dominion Freight Line Dividend Yield % Historical Data

The historical data trend for Old Dominion Freight Line's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Old Dominion Freight Line Dividend Yield % Chart

Old Dominion Freight Line Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Dividend Yield %											Get a 7-Day Free Trial	0.36	0.31	0.22	0.42	0.39

Old Dominion Freight Line Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Yield %	Get a 7-Day Free Trial															0.38	0.38	0.37	0.39	0.39

Competitive Comparison of Old Dominion Freight Line's Dividend Yield %

For the Trucking subindustry, Old Dominion Freight Line's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Old Dominion Freight Line's Dividend Yield % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Old Dominion Freight Line's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Old Dominion Freight Line's Dividend Yield % falls into.

Old Dominion Freight Line Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Old Dominion Freight Line Recent Full-Year* Dividend History

Amount	Ex-date	Record Date	Pay Date	Type	Frequency	Forex Rate
USD 0.260000	2024-03-05	2024-03-06	2024-03-20	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.200000	2023-12-05	2023-12-06	2023-12-20	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.200000	2023-09-05	2023-09-06	2023-09-20	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.200000	2023-06-06	2023-06-07	2023-06-21	Cash Dividend	quarterly	USD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Old Dominion Freight Line's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield	=	Most Recent Full Year Dividend	/	Current Share Price
	=	0.86	/	173.06
	=	0.50 %

Current Share Price is $173.06.
Old Dominion Freight Line's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.86.

Old Dominion Freight Line's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield	=	Forward Full Year Dividend	/	Current Share Price
	=	1.04	/	173.06
	=	0.60 %

Current Share Price is $173.06.
Old Dominion Freight Line's Dividends per Share for the forward twelve months is calculated as $0.26 * 4 = $1.04.

Old Dominion Freight Line(NAS:ODFL) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.

Old Dominion Freight Line Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Old Dominion Freight Line's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.

Old Dominion Freight Line (Old Dominion Freight Line) Business Description

Industry

GURUFOCUS.COM »STOCK LIST »Industrials » Transportation » Old Dominion Freight Line Inc (NAS:ODFL) » Definitions » Dividend Yield %

Comparable Companies

XPO SAIA KNX SNDR ARCB RXO WERN MRTN ULH HTLD TSX:TFII TSE:9064 SHSE:603056 TSE:9076 SHSE:600662 TSE:9055 TSE:9075 HKSE:09956 TSX:MTL SHSE:600611

Traded in Other Exchanges

ODFL:Mexico ODF:Germany ODF:Germany O1DF34:Brazil

Address

500 Old Dominion Way, Thomasville, NC, USA, 27360

Website

https://www.odfl.com

Old Dominion Freight Line is the second-largest less than truckload carrier in the United States, with more than 250 service centers and 11,000-plus tractors. It is one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns stand head and shoulders above its peers. Strategic initiatives revolve around increasing network density through market share gains and maintaining industry-leading service via steadfast infrastructure investment.

Executives

David S Congdon	director, 10 percent owner, officer: President and COO	C/O OLD DOMINION FREIGHT LINE, INC., 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Stith Thomas A. Iii	director	500 OLD DOMINION WAY, THOMASVILLE NC 27360
Steven W. Hartsell	officer: SVP - Sales	500 OLD DOMINION WAY, THOMASVILLE NC 27360
Andrew Stephen Davis	director	500 OLD DOMINION WAY, THOMASVILLE NC 27360
Christopher James Kelley	officer: SVP - Operations	500 OLD DOMINION WAY, THOMASVILLE NC 27360
Bradley R Gabosch	director	500 OLD DOMINION WAY, THOMASVILLE NC 27360
David J. Bates	officer: SVP - Operations	C/O XPO, INC., FIVE AMERICAN LANE, GREENWICH CT 06831
Leo H Suggs	director	UNION PACIFIC CORP, 1416 DODGE ST, OMAHA NE 68179
D. Michael Wray	director	7205 PINETREE ROAD, RICHMOND VA 23229
Gregory B Plemmons	officer: SVP - Sales	500 OLD DOMINION WAY, THOMASVILLE NC 27360
Wendy T. Stallings	director	500 OLD DOMINION WAY, THOMASVILLE NC 27360
Earl E Congdon	director, officer: Chairman of the Board and CEO	C/O OLD DOMINION FREIGHT LINE, INC., 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Sherry A Aaholm	director	500 JACKSON STREET, COLUMBUS IN 47201
Christopher T Brooks	officer: SVP - Human Resources & Safety	500 OLD DOMINION WAY, THOMASVILLE NC 27360
Kimberly S Maready	officer: VP - Accounting & Fin. (PAO)	500 OLD DOMINION WAY, THOMASVILLE NC 27360