Old Dominion Freight Line, Inc. announced a quarterly cash dividend of 15 cents per share of common stock, the company announced on Friday.

This dividend is a 32.4 percent increase over the dividend paid in December 2019.

The dividend will be payable on Dec. 16 to shareholders of record at the close of business on Dec. 2.

Old Dominion Freight Line is a less-than-truckload (“LTL”) company offering regional, inter-regional and national LTL services.

Old Dominion Freight Line, Inc (ODFL) was last trading up 1.55 percent, or $3.04, at $199.20 per share.