Covenant Logistics Group's most recent dividend payment of $0.07 per share was made to shareholders on record before Mar 7, 2025. The payout stands at $0.24 per share annually, which works out to a dividend yield of 1.06%. The latest CVLG stock dividend of $0.07 is an increase from the previous $0.055 distribution, representing a growth of 27%.
Covenant Logistics Group's dividend yield of 1.06% is lower than the Industrials sector and the industry average. In comparison with the Industrials sector average of 1.58%, Covenant Logistics Group's dividend yield is 33% lower.
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 7% for the last year. And since the stock price has gone down by 4.2% from a year ago, the dividend yield has an increase of 12%.
Ex-date | Amount | Yield (TTM) |
---|---|---|
Mar 7, 2025 | $0.07 | 0.95% |
Dec 6, 2024 | $0.055 | 0.77% |
Sep 6, 2024 | $0.055 | 0.87% |
Jun 7, 2024 | $0.055 | 0.92% |
Feb 29, 2024 | $0.055 | 0.9% |
Nov 30, 2023 | $0.055 | 1.03% |
Aug 31, 2023 | $0.055 | 0.83% |
Jun 1, 2023 | $0.055 | 0.98% |
Mar 2, 2023 | $0.055 | 0.93% |
Dec 1, 2022 | $0.04 | 0.75% |
Sep 1, 2022 | $0.04 | 0.72% |
Jun 2, 2022 | $0.031 | 0.53% |
Mar 3, 2022 | $0.031 | 0.28% |
Aug 14, 2018 | $0.01 | 0.07% |
Covenant Logistics Group's payout ratio of 17.2% is below the Industrials sector and the industry average. Compared to its Industrials sector average of 34%, Covenant Logistics Group's payout ratio is 49% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
SNDR Schneider National Inc | 1.67% | $0.38 | 56.7% |
CVLG Covenant Logistics Group Inc | 1.06% | $0.24 | 17.2% |
Yes, Covenant Logistics Group has been paying dividends for the last three years.
Covenant Logistics Group's last dividend ex-date was on Mar 7, 2025. The dividend amount was $0.07 per share.
CVLG's annualized dividend per share is $0.24.
The current dividend yield of Covenant Logistics Group is 1.06%.
Covenant Logistics Group pays dividends quarterly.
Covenant Logistics Group's dividend payout ratio is 17.2%.
Covenant Logistics Group's dividend yield is lower than the Industrials sector average.
Special dividends are included in TTM DPS and yield. Data from and Sharadar.