Posted 3/2/2024, 11:44:00 AM
Old Dominion Freight Lines Stock Soars Over 48,000% in 21 Years, Announces 7th Stock Split Amid New Highs
- Old Dominion Freight Lines (ODFL) stock has returned over 48,400% since 2000 and recently hit new all-time highs
- ODFL is splitting its stock 2-for-1 on March 17, its 7th split in 21 years; stocks tend to outperform after splits
- ODFL is the largest less-than-truckload carrier in the U.S. with a wide moat thanks to its logistics infrastructure
- ODFL has grown rapidly, increased dividends 4x, and repurchased 10% of shares in 5 years
- Dollar-cost average buying ODFL amid industry downturn recommended given valuation and market-beating potential