NEW YORK ( TheStreet) -- The ex-dividend date for Heartland Express (Nasdaq: HTLD) is tomorrow, June 22, 2011. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $15.99 as of 9:31 a.m. ET, the dividend yield is 0.5%.

The average volume for Heartland Express has been 519,700 shares per day over the past 30 days. Heartland Express has a market cap of $1.5 billion and is part of the services sector and transportation industry. Shares are down 0.9% year to date as of the close of trading on Monday.

Heartland Express, Inc., together with its subsidiaries, operates as a short-to-medium-haul truckload carrier of general commodities in the United States. The company has a P/E ratio of 22.2, below the average transportation industry P/E ratio of 22.6 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Heartland Express as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Heartland Express Ratings Report.

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