Old Dominion Sets Three-for-Two Stock Split
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Old Dominion Freight Line is ranked No. 28 on the Transport Topics list of 100 top for-hire North American carriers.
ld Dominion Freight Line said Wednesday that its board approved a three-for-two stock split, effective Nov. 30, for shareholders of record as of Nov. 16.
Upon completion of the split, the company said it will have about 37 million shares of stock outstanding.
“The board's approval of this split comes after a detailed review of the company's near and long-term growth strategies and reflects our confidence in [its] prospects for continued profitable growth,” Earl Congdon, ODLF’s chairman and chief executive officer, said in a statement.
