Heartland Sets Special Dividend

Truckload carrier Heartland Express late Monday declared a special dividend of $2 a share to be paid on May 30.

The dividend — in addition to the regular quarterly dividend of 2 cents a share — will be paid to stockholders of record at the close of business May 24, Heartland said in a statement.

The company will pay about $197 million on its 98.3 million outstanding shares of common stock as a result of the special dividend.

Heartland Express is ranked No. 48 on the Transport Topics 100 listing of U.S. and Canadian for-hire trucking companies.