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 0.86%.
Covenant Logistics Group's dividend yield of 0.86% is lower than the Industrials sector and the industry average. In comparison with the Industrials sector average of 1.38%, Covenant Logistics Group's dividend yield is 38% 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. However since the stock price has gone up by 32% from a year ago, the dividend yield has decreased by 19%.
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's payout ratio of 13.5% is below the Industrials sector and the industry average. Compared to its Industrials sector average of 30.7%, Covenant Logistics Group's payout ratio is 56% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
SNDR Schneider National Inc | 1.31% | $0.38 | 56% |
CVLG Covenant Logistics Group Inc | 0.85% | $0.44 | 13.5% |
Yes, Covenant Logistics Group has been paying dividends for the last two years.
Covenant Logistics Group's last dividend ex-date was on Sep 6, 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 0.86%.
Covenant Logistics Group pays dividends quarterly.
Covenant Logistics Group's dividend payout ratio is 13.5%.
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.