Old Dominion boosts dividend 33.3% to 40c

The Company’s Board of Directors has declared a first-quarter dividend of 40c per share, payable on March 15, , to shareholders of record at the close of business on March 1. This dividend represents a 33.3% increase to the quarterly cash dividend paid in the first quarter of 2022. Mr. Gantt concluded, "Old Dominion’s record-breaking results in 2022 reflect the strength of our team and their unwavering commitment to provide our customers with superior service. While we have recently announced the transition to our next President and Chief Executive Officer, I can proudly assure you that our entire team will remain fully committed to executing the same strategic plan that has helped us produce profitable growth over the long term. There will be no change in our commitment to service nor will we change our approach of investing in our service center network, our technology and, most importantly, our OD Family of employees. With our ongoing and steadfast commitment to the core principles that have differentiated us in the marketplace, we are confident that we can continue to win market share and increase shareholder value."