Old Dominion Freight Line Inc Dividends
The next dividend date for Old Dominion Freight Line Inc has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Old Dominion Freight Line Inc (ODFL)
More About Old Dominion Freight Line Inc
Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting. In addition, the company operates service and fleet maintenance centers. As of December 31, 2024, it owned and operated 11,284 tractors, 31,451 linehaul trailers, and 15,263 pickup and delivery trailers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina.
Owning Old Dominion Freight Line Inc Stock on the Dividend Date
If you own Old Dominion Freight Line Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Old Dominion Freight Line Inc stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Old Dominion Freight Line Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Old Dominion Freight Line Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Old Dominion Freight Line Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Old Dominion Freight Line Inc Dividends
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