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CVLG Covenant Logistics Group dividend history, payout ratio & dates

Covenant Logistics Group's most recent quarterly dividend payment of $0.11 per share was made to shareholders on record before Feb 29, 2024. The payout stands at $0.44 per share annually, which works out to a dividend yield of 0.94%.

Key dates

  • CVLG last dividend date: Feb 29, 2024
  • CVLG next dividend date: Jun 7, 2024
CVLG dividend stats
DPS
$0.44
Dividend yield
0.94%
Payout ratio
13.4%
vs. Industrials sector
Dividend yield
1.41%
Payout ratio
31.7%

Dividend yield

What is Covenant Logistics Group current dividend yield

Covenant Logistics Group's dividend yield of 0.94% is lower than the Industrials sector and the industry average. In comparison with the Industrials sector average of 1.41%, Covenant Logistics Group's dividend yield is 33% lower.

Dividend history

What is CVLG dividend payout history and dates

Covenant Logistics Group has been paying dividends consistently since 2022. According to our data CVLG has issued four quarterly dividends in the last twelve months. The annualized DPS has an increase of 32% for the last year. And since the stock price has gone up by 18% from a year ago, the dividend yield has an increase of 12%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Feb 29, 2024 Mar 29, 2024 Feb 15, 2024 $0.11 normal
Nov 30, 2023 Dec 29, 2023 Nov 16, 2023 $0.11 normal
Aug 31, 2023 Sep 29, 2023 Aug 21, 2023 $0.11 normal
Jun 1, 2023 Jun 30, 2023 May 22, 2023 $0.11 normal
Mar 2, 2023 Mar 31, 2023 Feb 16, 2023 $0.11 normal
Dec 1, 2022 Dec 30, 2022 Nov 16, 2022 $0.08 normal
Sep 1, 2022 Sep 30, 2022 Aug 17, 2022 $0.08 normal
Jun 2, 2022 Jun 24, 2022 May 18, 2022 $0.063 normal
Mar 3, 2022 Mar 25, 2022 Jan 24, 2022 $0.063 normal

Covenant Logistics Group dividend payout ratio

What is Covenant Logistics Group dividend payout ratio compared to the sector

Payout ratio

Covenant Logistics Group's payout ratio of 13.4% is below the Industrials sector and the industry average. Compared to its Industrials sector average of 31.7%, Covenant Logistics Group's payout ratio is 58% lower.

Total amount of dividends paid per financial year (from cash flow)

CVLG dividend vs peer dividends

How does CVLG dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
SNDR Schneider National Inc 1.66% $0.37 40.1%
CVLG Covenant Logistics Group Inc 0.94% $0.44 13.4%

Frequently asked questions

Does Covenant Logistics Group pay a dividend?

Yes, Covenant Logistics Group has been paying dividends for the last two years.

When is Covenant Logistics Group's next dividend?

CVLG's next dividend is scheduled on Jun 7, 2024 (ex-date).

When was CVLG's last dividend?

Covenant Logistics Group's last dividend ex-date was on Feb 29, 2024. The dividend amount was $0.11 per share.

How much dividend does Covenant Logistics Group pay (per share)?

CVLG's annualized dividend per share is $0.44.

What is Covenant Logistics Group's dividend yield?

The current dividend yield of Covenant Logistics Group is 0.94%.

How often does Covenant Logistics Group pay dividends?

Covenant Logistics Group pays dividends quarterly.

What is Covenant Logistics Group's dividend payout ratio?

Covenant Logistics Group's dividend payout ratio is 13.4%.

Does Covenant Logistics Group pay a good dividend?

Covenant Logistics Group's dividend yield is lower than the Industrials sector average.