Old Dominion Freight Line Inc (ODFL) Stock Split History

Old Dominion Freight Line Inc has split its stock 7 times since its initial public offering (IPO). The first stock split occurred on June 17, 2003 with the ratio of 3-for-2, meaning that for 2 shares of ODFL owned pre-split, shareholders then owned 3 shares. 6 more splits have been implemented since then. The most recent stock split took place on March 28, 2024 on a 2-for-1 basis.

These splits have increased ODFL stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Old Dominion Freight Line Inc's total market capitalization.

For more detailed information of Old Dominion Freight Line Inc's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Old Dominion Freight Line Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when ODFL stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Old Dominion Freight Line Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.