Heartland Announces First Ever Cash Dividend
Truckload carrier Heartland Express, Inc. announced the declaration of its first-ever-quarterly cash dividend
Truckload carrier Heartland Express, Inc. announced the declaration of its first-ever-quarterly cash dividend.
The $0.02 per share dividend will be paid on October 2, 2003 to shareholders of record at the close of business on September 17, 2003.
"Since going public in 1986 we have built a strong cash position and solid balance sheet through consistent earnings growth. We have decided to implement a quarterly cash dividend program because of our continued financial strength. In addition, recent changes in the tax code lessen the effect of double taxation by providing for the taxation of cash dividends at a favorable tax rate," commented Russell Gerdin, Chairman and CEO of Heartland Express.
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