Universal Logistics Holdings, Inc. Plans Quarterly Dividend of $0.11 (NASDAQ:ULH)

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.105 per share by the transportation company on Thursday, January 2nd. This represents a $0.42 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, December 2nd.

Universal Logistics has raised its dividend payment by an average of 26.0% per year over the last three years. Universal Logistics has a payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Universal Logistics to earn $5.10 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 8.2%.

Universal Logistics Price Performance

Shares of ULH stock traded down $4.74 on Friday, hitting $38.68. 75,368 shares of the stock traded hands, compared to its average volume of 38,423. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 8.45 and a beta of 0.83. Universal Logistics has a 52 week low of $20.85 and a 52 week high of $50.52. The firm has a 50 day simple moving average of $42.48 and a two-hundred day simple moving average of $41.69. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.26 and a quick ratio of 1.26.

Universal Logistics (NASDAQ:ULH - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.14 by $0.03. The firm had revenue of $462.16 million for the quarter, compared to the consensus estimate of $461.60 million. Universal Logistics had a net margin of 7.23% and a return on equity of 22.84%. During the same period last year, the firm earned $0.90 EPS. As a group, equities research analysts predict that Universal Logistics will post 5.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Universal Logistics from a "buy" rating to a "hold" rating in a research note on Monday, August 12th.

About Universal Logistics

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.