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Covenant Logistics Group (CVLG) Dividend Yield, Date & History

Covenant Logistics Group logo
$54.38 +0.38 (+0.70%)
(As of 12/20/2024 04:32 PM ET)
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Covenant Logistics Group Dividend Summary

Dividend Yield
0.81%
Annual Dividend
$0.44
Next
Dividend Payment
Dec. 27
Dividend Payout Ratio
14.47%

Covenant Logistics Group (CVLG) pays an annual dividend of $0.44 per share, with a dividend yield of 0.81%. The next quarterly payment of $0.11 per share is scheduled for Friday, December 27, to investors who owned the stock before the ex-dividend date of Friday, December 6. The company currently pays out 14.47% of its earnings and 4.93% of its cash flow as dividends.

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CVLG Dividend Payments by Quarter

The chart below displays up to four years of Covenant Logistics Group's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

CVLG Dividend Yield Over Time

The chart below tracks Covenant Logistics Group's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Covenant Logistics Group vs. The Competition

Compare Covenant Logistics Group's annual dividend, yield, and 3-year growth rate with averages for Transportation and NASDAQ companies to evaluate its performance against the market.

TypeCovenant Logistics GroupTransportation CompaniesNASDAQ Companies
Annual Dividend$0.44$0.01$1.31
Dividend Yield0.81%4.45%4.22%
Annualized 3-Year Dividend Growth0.00%26.12%14.22%

Covenant Logistics Group Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings14.47%
Based on This Year's Estimate11.00%
Based on Next Year's Estimate8.82%
Based on Cashflow4.93%

Covenant Logistics Group Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/21/2024quarterly$0.11 - 0.8%12/6/202412/6/202412/27/2024
8/19/2024quarterly$0.11 - 0.8%9/6/20249/6/20249/27/2024
5/16/2024Quarterly$0.11 - 0.95%6/7/20246/7/20246/28/2024
2/15/2024Quarterly$0.11 - 0.82%2/29/20243/1/20243/29/2024
11/16/2023Quarterly$0.11 - 1.07%11/30/202312/1/202312/29/2023
8/21/2023Quarterly$0.11 - 0.89%8/31/20239/1/20239/29/2023
5/22/2023Quarterly$0.11 - 1.13%6/1/20236/2/20236/30/2023
2/16/2023Quarterly$0.11+$0.03
37.50%		1.26%3/2/20233/3/20233/31/2023

This table shows Covenant Logistics Group's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Covenant Logistics Group Dividend - Frequently Asked Questions

The current dividend yield for Covenant Logistics Group is 0.81%. Learn more on CVLG's dividend yield history.

The annual dividend for CVLG shares is $0.44. Learn more on CVLG's annual dividend history.

Covenant Logistics Group pays quarterly dividends to shareholders.

Covenant Logistics Group's next quarterly dividend payment of $0.11 per share will be made to shareholders on Friday, December 27, 2024.

Covenant Logistics Group's most recent quarterly dividend payment of $0.11 per share was made to shareholders on Friday, September 27, 2024.

Covenant Logistics Group's most recent ex-dividend date was Friday, December 6, 2024.

The most recent change in the company's dividend was an increase of $0.03 on Thursday, February 16, 2023.

The dividend payout ratio for CVLG is:
  • 14.47% based on the trailing year of earnings
  • 11.00% based on this year's estimates
  • 8.82% based on next year's estimates
  • 4.93% based on cash flow

Covenant Logistics Group's dividend yield of 0.76% is lower than the average Transportation company that issues a dividend. Covenant Logistics Group's dividend payout ratio of 14.47% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Covenant Logistics Group stock as a Buy, with forecasts suggesting positive growth potential despite some reservations.

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This page (NASDAQ:CVLG) was last updated on 12/21/2024 by MarketBeat.com Staff
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