Old Dominion Freight Line (ODFL) Declares $0.13 Quarterly Dividend; Approves $250M Buyback

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Go back to Old Dominion Freight Line (ODFL) Declares $0.13 Quarterly Dividend; Approves $250M Buyback

Old Dominion Freight Line Announces $0.13 Per Share Quarterly Cash Dividend and a New $250 Million Stock Repurchase Program

May 17, 2018 4:47 PM EDT

THOMASVILLE, N.C.--(BUSINESS WIRE)-- Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share of common stock, payable on June 20, 2018, to shareholders of record at the close of business on June 6, 2018.

The Company also announced that its Board of Directors has approved a new stock repurchase program authorizing the repurchase of up to $250 million of its outstanding common stock through June 2020. This new repurchase program will commence upon the expiration of the previously authorized two-year repurchase program announced on May... More