Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers. The segment also provides shuttle and switching services to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. As of December 31, 2021, it operated 2,291 tractors and 5,331 trailers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.
Covenant Logistics Dividend Announcement
• Covenant Logistics announced a quarterly dividend of $0.11 per ordinary share which will be made payable on 2024-09-27. Ex dividend date: 2024-09-06
• Covenant Logistics annual dividend for 2024 was $0.33
• Covenant Logistics annual dividend for 2023 was $0.44
• Covenant Logistics's trailing twelve-month (TTM) dividend yield is 1.08%
• Covenant Logistics's payout ratio for the trailing twelve months (TTM) is 13.76%
Covenant Logistics Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-06 | $0.11 | quarterly | 2024-09-27 |
| 2024-06-07 | $0.11 | quarterly | 2024-06-28 |
| 2024-02-29 | $0.11 | quarterly | 2024-03-29 |
| 2023-11-30 | $0.11 | quarterly | 2023-12-29 |
| 2023-08-31 | $0.11 | quarterly | 2023-09-29 |
| 2023-06-01 | $0.11 | quarterly | 2023-06-30 |
| 2023-03-02 | $0.11 | quarterly | 2023-03-31 |
| 2022-12-01 | $0.08 | quarterly | 2022-12-30 |
| 2022-09-01 | $0.08 | quarterly | 2022-09-30 |
| 2022-06-02 | $0.06 | quarterly | 2022-06-24 |
| 2022-03-03 | $0.06 | quarterly | 2022-03-25 |
Covenant Logistics Dividend per year
Covenant Logistics Dividend growth
Covenant Logistics Dividend Yield
Covenant Logistics current trailing twelve-month (TTM) dividend yield is 1.08%. Interested in purchasing Covenant Logistics stock? Use our calculator to estimate your expected dividend yield:
Covenant Logistics Financial Ratios
P/E ratio15.98
PEG ratio-1.05
P/B ratio1.56
ROE10.11%
Payout ratio13.76%
Current ratio1.22
Quick ratio1.18
Cash Ratio1.22
Covenant Logistics Dividend FAQ
How much is the next Covenant Logistics dividend?
Covenant Logistics's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Covenant Logistics dividend. The next Covenant Logistics dividend will be released in March, June, August, or November.
When is Covenant Logistics dividend paid?
Covenant Logistics pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Covenant Logistics pay?
The specific amount of Covenant Logistics dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Covenant Logistics's dividend history.
Does Covenant Logistics stock pay dividends?
Yes, Covenant Logistics does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Covenant Logistics's dividend history.
How much dividend does Covenant Logistics pay?
Covenant Logistics paid $0.33 in 2024, $0.44 in 2023, $0.286 in 2022, $0.0 in 2021, and $0.0 in 2020.
How often does Covenant Logistics pay dividends?
Covenant Logistics typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, August, and November.
What is Covenant Logistics's dividend yield?
The current dividend yield for Covenant Logistics is 1.08%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Covenant Logistics's exact dividend yield.
When does Covenant Logistics go ex dividend?
Covenant Logistics's ex-dividend date for the latest dividend was on 2024-09-06. Covenant Logistics typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Covenant Logistics dividend paid?
Covenant Logistics pays dividends on a quarterly basis, typically around March, June, August, or November, but the exact dates can vary each year.
Will Covenant Logistics increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Covenant Logistics will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Covenant Logistics dividend per share?
Covenant Logistics paid $0.33 per share in 2024 and $0.44 per share in 2023. The amount of dividend per share that Covenant Logistics pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Covenant Logistics a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Covenant Logistics a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Covenant Logistics a dividend stock?
Yes, Covenant Logistics is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Covenant Logistics a good dividend stock?
Whether Covenant Logistics is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Covenant Logistics has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Covenant Logistics as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Covenant Logistics as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Covenant Logistics pay dividends monthly?
Covenant Logistics typically pays dividends on a quarterly basis.
Does Covenant Logistics pay dividends quarterly?
Covenant Logistics currently pays dividends on a quarterly basis.
Has Covenant Logistics ever paid a dividend?
Yes, Covenant Logistics has a history of paying dividends to its shareholders. Covenant Logistics is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Covenant Logistics dividend stocks?
To buy Covenant Logistics you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Covenant Logistics stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Covenant Logistics stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Covenant Logistics pay dividends 2024?
Covenant Logistics pays dividends on a quarterly basis. 2024 dividend payments are in 2024-09-27. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Covenant Logistics increase its dividend in 2024?
Decisions regarding Covenant Logistics dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Covenant Logistics dividend overview you can look into the above table of dividend history.
How Covenant Logistics dividend works?
The Covenant Logistics dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Covenant Logistics's dividend process works:
1. Determination of Dividend: Covenant Logistics's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Covenant Logistics publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Covenant Logistics distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Covenant Logistics are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Covenant Logistics's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Covenant Logistics publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Covenant Logistics distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Covenant Logistics are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Covenant Logistics dividends paid?
Covenant Logistics dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Covenant Logistics sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Covenant Logistics distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Covenant Logistics declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Covenant Logistics sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Covenant Logistics distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Covenant Logistics declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Covenant Logistics pay dividends?
Covenant Logistics typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Covenant Logistics pay dividends?
The general pattern is that Covenant Logistics pays dividends around March, June, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Covenant Logistics dividend safe?
The safety of Covenant Logistics's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Covenant Logistics's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Covenant Logistics's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Covenant Logistics's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Covenant Logistics's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.