Covenant Logistics Group (CVLG) Dividends
Market Cap: $608.80M
Avg Volume: 95.26K
Industry: Trucking
Sector: Industrials
Dividend Overview
Covenant Logistics Group (CVLG) pays a dividend to its shareholders. Here are the key details:
Dividend Basics
- Annual Dividend per Share: $0.345
- Ex-Dividend Date: March 07, 2025
- Total Dividends Paid (Last Year): $5.80M
Dividend Metrics
- Dividend Yield: 0.81%
- Payout Ratio: 16.14%
- Dividend Growth (YoY): -0.26%
Dividend Yield
0.81%
Dividend Payout Ratio
16.14%
Dividend Paid & Capex Coverage Ratio
21.20x
Covenant Logistics Group pays an annual dividend of $0.345 per share. This means that for each share you own, you'll receive $0.345 in dividends over the course of a year, typically paid in quarterly installments.
The most recent ex-dividend date was March 07, 2025. Ex-dividend dates are typically announced in advance of each dividend payment. If you purchase the stock before the ex-dividend date, you'll be eligible for the upcoming dividend payment.
In the last fiscal year, Covenant Logistics Group paid a total of $5.80M in dividends to its shareholders. This substantial amount underscores the company's commitment to returning value to its investors.
Currently, Covenant Logistics Group's dividend yield stands at 0.81%. To put this in perspective, if you invest $100 in Covenant Logistics Group's stock at the current price, you can expect to receive approximately $0.81 in annual dividend income.
The company's dividend payout ratio is 16.14%. This means that Covenant Logistics Group is distributing 16.14% of its earnings to shareholders as dividends, while retaining the rest for reinvestment, debt reduction, or other corporate purposes.
Compared to the previous year, Covenant Logistics Group's dividend has decreased by -0.26%. This decrease may differ from the growth in dividends per share if the number of outstanding shares has changed.
Dividend History and Growth
Covenant Logistics Group (CVLG) dividend payments have grown -0.26% over the past year
Note: This growth rate represents the year-over-year growth in total dividends paid by the company, which may differ from the growth in dividends per share if the number of outstanding shares has changed.
Covenant Logistics Group Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.07 | $0.07 | March 07, 2025 | March 28, 2025 | February 14, 2025 | |
| $0.22 | $0.11 | December 06, 2024 | December 06, 2024 | December 27, 2024 | November 21, 2024 |
| $0.11 | $0.055 | September 06, 2024 | September 06, 2024 | September 27, 2024 | August 19, 2024 |
| $0.22 | $0.11 | June 07, 2024 | June 07, 2024 | June 28, 2024 | May 17, 2024 |
| $0.055 | $0.0275 | February 29, 2024 | March 01, 2024 | March 29, 2024 | February 15, 2024 |
| $0.22 | $0.11 | November 30, 2023 | December 01, 2023 | December 29, 2023 | November 16, 2023 |
| $0.055 | $0.0275 | August 31, 2023 | September 01, 2023 | September 29, 2023 | August 21, 2023 |
| $0.055 | $0.0275 | June 01, 2023 | June 02, 2023 | June 30, 2023 | May 22, 2023 |
| $0.11 | $0.055 | March 02, 2023 | March 03, 2023 | March 31, 2023 | February 16, 2023 |
| $0.04 | $0.02 | December 01, 2022 | December 02, 2022 | December 30, 2022 | November 16, 2022 |
| $0.16 | $0.08 | September 01, 2022 | September 02, 2022 | September 30, 2022 | August 17, 2022 |
| $0.0315 | $0.01575 | June 02, 2022 | June 03, 2022 | June 24, 2022 | May 18, 2022 |
| $0.063 | $0.0315 | March 03, 2022 | March 04, 2022 | March 25, 2022 | January 24, 2022 |