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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Old Dominion Freight Line, Inc. (ODFL) pays a $1.14 annual dividend ($0.29 quarterly), yielding 0.62% at $187.72/share. Next ex-dividend date 2026-09-02. 7+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.62%
Annual Dividend: $1.14 per share
Payout Ratio: 21.9%
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, connecting shippers across regional, inter-regional, and national lanes throughout the United States and North America. ODFL currently yields 0.66%, with a trailing annual dividend rate of $1.15 per share paid quarterly, and the next ex-dividend date falls on September 2, 2026. With a beta of 1.165, ODFL stock carries slightly above-average market sensitivity, making it a better fit for growth-oriented dividend investors than those seeking steady 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 sustain and grow the dividend even if earnings soften, which matters for Old Dominion Freight Line, Inc. dividend safety given the cyclical nature of freight demand. The most meaningful pressure point is that LTL shipping volumes are tied to broader economic activity, so a prolonged freight downturn could compress the earnings base that supports the payout.
Old Dominion Freight Line, Inc. dividend history shows a CAGR of 30.5% per year from 2017 to 2025. The per-share dividend grew from $0.1332 in 2017 to $1.12 in 2025 (2026 is a partial year and excluded from this calculation). The smallest annual increase in the window was 7.7% in 2025, a notable step down from the 50.0% jump recorded in 2022, though seven consecutive years of increases frame the overall direction.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +23.1% | $0.60 (2022) | $1.12 (2025) |
| 5-Year | +30.0% | $0.30 (2020) | $1.12 (2025) |
ODFL stock fits growth-and-income investors who prioritize dividend growth over current yield. At 0.66%, the yield is low (below 2%), though it sits above the 5-year average of 0.46%, meaning the current entry point offers slightly more income than the historical norm. The 30.5% annualized growth rate from 2017 to 2025 is the defining characteristic here: the dividend has expanded rapidly, but the starting yield is low enough that income-focused investors will wait years before meaningful cash flow accumulates. The trade-off is clear: ODFL offers fast dividend growth backed by a 21.8% payout ratio, but current income is thin.
| 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 | $1.0400 |
| 2023 | $0.8000 |
| 2022 | $0.6000 |
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