Covenant Logistics Group, Inc. (CVLG) to Issue Quarterly Dividend of $0.07 on March 28th

Covenant Logistics Group, Inc. (NASDAQ:CVLG) announced a quarterly dividend on Friday, February 14th,RTT News reports. Investors of record on Friday, March 7th will be given a dividend of 0.07 per share on Friday, March 28th. This represents a $0.28 annualized dividend and a dividend yield of 1.04%. This is a positive change from Covenant Logistics Group’s previous quarterly dividend of $0.06.

Covenant Logistics Group Trading Up 1.0 %

Covenant Logistics Group stock opened at $26.93 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.10 and a quick ratio of 1.07. Covenant Logistics Group has a one year low of $21.51 and a one year high of $30.77. The stock has a market capitalization of $709.74 million, a PE ratio of 20.79 and a beta of 1.40. The business’s fifty day moving average is $28.22 and its 200 day moving average is $27.29.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CVLG shares. Stephens reaffirmed an “overweight” rating and set a $36.00 price objective on shares of Covenant Logistics Group in a research report on Friday, January 24th. TD Cowen dropped their target price on Covenant Logistics Group from $35.00 to $34.50 and set a “buy” rating on the stock in a research report on Friday, October 25th.

Insiders Place Their Bets

In other Covenant Logistics Group news, CAO Matisse Long sold 2,114 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $28.95, for a total value of $61,200.30. Following the transaction, the chief accounting officer now directly owns 15,434 shares of the company’s stock, valued at approximately $446,814.30. This trade represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 36.50% of the company’s stock.

About Covenant Logistics Group

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.