By Colin Kellaher
Old Dominion Freight Line's board has increased the trucking company's quarterly dividend by 7.7%, to 28 cents from 26 cents.
The new payout, equal to $1.12 a year, represents an annual yield of about 0.61%, based on Tuesday's stock price of $183.66, up from 0.57%.
The Thomasville, N.C., company on Wednesday said the new dividend is payable March 19 to shareholders of record March 5.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 05, 2025 07:31 ET (12:31 GMT)
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