other material
confidence high
sentiment neutral
materiality 0.50
Old Dominion Freight Line approves two-for-one stock split
OLD DOMINION FREIGHT LINE, INC.
- Board approved a two-for-one stock split, effected as a stock dividend.
- Additional shares distributed on March 27, 2024 to holders of record as of March 13, 2024.
- Post-split outstanding shares estimated at approximately 217.6 million.
- Stock split expected to adjust per-share price and widen retail investor base.