Benzinga | Aug 20, 2021 10:45AM EDT

Heartland Express Rewards Shareholders With Special Dividend, Buyback

* Heartland Express, Inc. (NASDAQ:HTLD) declared a regular quarterly cash dividend of $0.02 per share and a special dividend of $0.50 per share, both payable on October 1, 2021, to stockholders of record at the close of business on September 1, 2021.

* Approximately $1.6 million for the regular dividend, and ~$39.5 million for the special dividend will be paid on the company's 79 million shares.

* Additionally, the company authorized the repurchase of up to 3 million shares of its outstanding common stock in addition to the ~3.74 million shares remaining under a prior authorization. The company had 79.9 million outstanding shares as of June 30, 2021.

* Price Action: HTLD shares are trading higher by 1.77% at $16.66 on the last check Friday.