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Old Dominion Freight Line ($ODFL) Stock Split History

Old Dominion Freight Line stock has experienced a total of 7 stock splits in its history. The most recent stock split took place on March 25th, 2020. As a result of these stock splits, one Old Dominion Freight Line share purchased prior to June 17th, 2003, would now be equivalent to holding 11.4 Old Dominion Freight Line shares today.

Old Dominion Freight Line ($ODFL) Stock Split History Graph and Chart

Old Dominion Freight Line ($ODFL) Stock Split Dates

Date Ratio
06/17/20033 for 2
05/21/20043 for 2
12/01/20053 for 2
08/24/20103 for 2
09/10/20123 for 2
03/25/20203 for 2

FAQs (Frequently Asked Questions)

How Does a Old Dominion Freight Line Share Split Work?

A Old Dominion Freight Line stock split is no different than any other stock split. Old Dominion Freight Line is simply packaging the number of outstanding shares in a different way. For example, in a 2-for-1 split, the amount of shares will double (and the price will be divided by 2, accordingly). Say you have 100 shares of Old Dominion Freight Line, then the day of the split you will receive 2 shares for every 1 share you hold in your brokerage account, meaning you will receive 200 shares on the stock split date. However, the price of the stock will reflect this change and your holding of Old Dominion Freight Line (in terms of value) will remain practically the same.

Benefits of a Old Dominion Freight Line Stock Split?

A stock split does not change the fundamental value of a company. Meaning a Old Dominion Freight Line stock split will not make the business more valuable. However, there is a psychological benefit in that the share price will be lower after the split, making shares seem more accessible to everyone and thus temporarily increasing demand and ramping up share prices. To further explore stock splits, please refer to Investopedia.

Buying Before or After a $ODFL Stock Split?

While this is not financial advice and we have not run any thorough studies on the matter, general consensus is that price tends to go up after the announcement of a stock split and before the stock split itself happens.

Will Old Dominion Freight Line Stock Split?

Unfortunately, we do not know. There might be rumors of a Old Dominion Freight Line stock split, but the truth is that until the board proposes a shares split to its shareholders, it's all just noise.

How Does a Stock Split Affect $ODFL Options?

A stock split affects options the same way it affect shares. In the case of a 2-for-1, the strike price of all the options chain post-split will be divided by 2 automatically. So if you're holding CALLs or PUTs, the strike price of the $ODFL option will be automatically changed on the day of the split. Also, the number of shares will double. So if you have a CALL in a 2-for-1, after split you will have 2 calls to control 200 shares, and the strike price of those two CALLs would be halved.

Old Dominion Freight Line Shares Split Results in Fractional Shares

Not all shares splits are even. Some splits, like a 3-for-2 can result in shareholders owning fractional shares. In these cases it's best to contact your broker, to be clear on how they will handle the $ODFL shares split.