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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Old Dominion Freight Line, Inc. (ODFL) pays a $1.15 annual dividend ($0.29 quarterly), yielding 0.62% at $185.87/share. Next ex-dividend date 2026-09-02. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.62%
Annual Dividend: $1.15 per share
Payout Ratio: 21.8%
Ex-Dividend Date: 2026-09-02
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 10
Old Dominion Freight Line, Inc. dividend reflects a business built on less-than-truckload (LTL) freight, serving regional, inter-regional, and national shipping lanes across the United States and North America. The current yield stands at 0.62%, with a trailing annual dividend rate of $1.15 per share paid quarterly. The next ex-dividend date is September 2, 2026, with the last dividend amount of $0.29 per share. ODFL stock carries a beta of 1.165, meaning it moves with — and slightly amplifies — broader market swings, making it a better fit for growth-oriented investors than those seeking pure income.
Old Dominion Freight Line, Inc. pays out 21.8% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to maintain the dividend even if freight volumes soften, which is a real consideration in a cyclical industry like trucking. Old Dominion Freight Line, Inc. dividend safety is further supported by the breadth of its operations, spanning LTL shipping, container drayage, truckload brokerage, and supply chain consulting across 251 service facilities. The primary risk is cyclicality: freight demand is tied to economic activity, and a prolonged slowdown could pressure earnings even if the payout ratio currently looks comfortable.
Old Dominion Freight Line, Inc. dividend history shows a CAGR of 13.7% per year from 2017 to 2025. Per-share payments grew from $0.40 in 2017 to $1.12 in 2025 (with 2026 partial at $0.87 so far). The largest annual increase in the window was 50.0% in 2022, but the data also contains at least one year-over-year decline exceeding 5%, so growth has not been linear. That kind of variability is worth noting for investors who expect steady, predictable annual raises.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -2.3% | $1.20 (2022) | $1.12 (2025) |
| 5-Year | +10.5% | $0.68 (2020) | $1.12 (2025) |
ODFL stock fits growth-and-income investors who prioritize dividend growth over current yield. At 0.62%, the yield is low (below 2%) and sits just below the 5-year average of 0.65%, so income from the dividend alone is modest. What the stock offers instead is a 13.7% annualized growth rate over eight years, backed by a 21.8% payout ratio that leaves room for future increases. The trade-off is clear: an investor in Old Dominion Freight Line, Inc. accepts a thin current yield and some year-to-year variability in dividend growth in exchange for a freight carrier that has historically expanded its per-share payment at a fast pace.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-02 | $0.2900 |
| 2026-06-03 | $0.2900 |
| 2026-03-04 | $0.2900 |
| 2025-12-03 | $0.2800 |
| 2025-09-03 | $0.2800 |
| 2025-06-04 | $0.2800 |
| 2025-03-05 | $0.2800 |
| 2024-12-04 | $0.2600 |
| 2024-09-04 | $0.2600 |
| 2024-06-05 | $0.2600 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.8700 |
| 2025 | $1.1200 |
| 2024 | $1.3000 |
| 2023 | $1.6000 |
| 2022 | $1.2000 |
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