Old Dominion Freight Lines Stock Split: A Detailed Analysis for Investors
Old Dominion's upcoming 2-for-1 stock split
The most important thing to remember about stock splits is that nothing fundamentally changes with your investment. Despite this negligible effect on shareholders, stock splits increase liquidity on the exchanges while making shares more affordable for employees and outside investors.
Multiple market-beating indicators
Home to nearly 11,000 trucks and over 46,000 trailers, Old Dominion is the largest less-than-truckload (LTL) motor carrier in the United States. Generating top-tier efficiencies and high ROIC, the company has grown revenue and net income annually, backed by shareholder-friendly actions such as share repurchases and dividend growth.
Dollar-cost averaging in a cyclical industry
Despite a temporary downturn in the U.S. trucking industry, Old Dominion continues to take market share and maintain a premium valuation. Investors are advised to consider dollar-cost averaging purchases to benefit from the company's wide moat and market-beating qualities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.