Covenant Logistics Group's most recent quarterly dividend payment of $0.11 per share was made to shareholders on record before Jun 7, 2024. The payout stands at $0.44 per share annually, which works out to a dividend yield of 0.8%.
Covenant Logistics Group's dividend yield of 0.8% 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.
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 16% for the last year. However since the stock price has gone up by 16% from a year ago, the dividend yield has decreased by 0.2%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jun 7, 2024 | Jun 28, 2024 | May 17, 2024 | $0.11 | normal |
| 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's payout ratio of 13.4% is below the Industrials sector and the industry average. Compared to its Industrials sector average of 32.7%, Covenant Logistics Group's payout ratio is 59% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| SNDR Schneider National Inc | 1.4% | $0.37 | 40.7% |
| CVLG Covenant Logistics Group Inc | 0.78% | $0.44 | 13.4% |
Yes, Covenant Logistics Group has been paying dividends for the last two years.
Currently CVLG's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in September 2024.
Covenant Logistics Group's last dividend ex-date was on Jun 7, 2024. The dividend amount was $0.11 per share.
CVLG's annualized dividend per share is $0.44.
The current dividend yield of Covenant Logistics Group is 0.8%.
Covenant Logistics Group pays dividends quarterly.
Covenant Logistics Group's dividend payout ratio is 13.4%.
Covenant Logistics Group's dividend yield is lower than the Industrials sector average.