CVLG Covenant Logistics Group dividend history, payout ratio & dates
Covenant Logistics Group's most recent dividend payment of $0.11 per share was made to shareholders on record before Sep 6, 2024. The payout stands at $0.44 per share annually, which works out to a dividend yield of 0.81%.
Key dates
- CVLG last dividend date: Sep 6, 2024
CVLG dividend stats
vs. Industrials sector
Dividend yield
Covenant Logistics Group's dividend yield of 0.81% 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 43% lower.
Dividend history
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. However since the stock price has gone up by 19% from a year ago, the dividend yield has decreased by 10%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 6, 2024 | $0.11 | 0.87% |
| Jun 7, 2024 | $0.11 | 0.92% |
| Feb 29, 2024 | $0.11 | 0.9% |
| Nov 30, 2023 | $0.11 | 1.03% |
| Aug 31, 2023 | $0.11 | 0.83% |
| Jun 1, 2023 | $0.11 | 0.98% |
| Mar 2, 2023 | $0.11 | 0.93% |
| Dec 1, 2022 | $0.08 | 0.74% |
| Sep 1, 2022 | $0.08 | 0.72% |
| Jun 2, 2022 | $0.063 | 0.53% |
| Mar 3, 2022 | $0.063 | 0.28% |
| Aug 14, 2018 | $0.02 | 0.07% |
Covenant Logistics Group dividend payout ratio
Payout ratio
Covenant Logistics Group's payout ratio of 13.5% is below the Industrials sector and the industry average. Compared to its Industrials sector average of 31%, Covenant Logistics Group's payout ratio is 56% lower.
Total amount of dividends paid per financial year (from cash flow)
CVLG dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| SNDR Schneider National Inc | 1.33% | $0.38 | 56% |
| CVLG Covenant Logistics Group Inc | 0.81% | $0.44 | 13.5% |
Frequently asked questions
Does Covenant Logistics Group pay a dividend?
Yes, Covenant Logistics Group has been paying dividends for the last two years.
When was CVLG's last dividend?
Covenant Logistics Group's last dividend ex-date was on Sep 6, 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 0.81%.
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 13.5%.
Does Covenant Logistics Group pay a good dividend?
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.