Old Dominion Freight Line, Inc. (ODFL) has recently made an exciting announcement for its shareholders. The company's Board of Directors has declared a significant increase in its quarterly cash dividend. This news comes as a positive development for investors, as the dividend per share of common stock has been raised by 33.3% compared to the previous year.

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Dividend Increase Announcement

In a move that reflects Old Dominion Freight Line's commitment to creating value for its shareholders, the company has declared a quarterly cash dividend of $0.40 per share of common stock. This dividend will be payable on June 21, 2023, to shareholders of record at the close of business on June 7, 2023. The 33.3% increase in the dividend payout compared to June 2022 demonstrates the company's strong financial position and its confidence in the future.

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Members of LevelFields received the alert of this event on May 18, 7:30 AM ET

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