Covenant Logistics Group Inc. Stock Dividends Overview

CVLG pays dividends quarterly. Last paid amount was $0.110 at Mar 29, 2024. As of today, dividend yield (TTM) is 0.98%.

Dividend Yield Range

The Dividend Yield Range is the range of values in which a stock’s dividend yield has fluctuated within a specified period, often a year. It represents the variation between the highest and lowest dividend yields observed during that time frame.
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Dividend Analysis

Key Stats

Dividend Yield (TTM) 0.98%
Frequency Quarterly
1Y Growth 0%
Payout Ratio 0
Amount Per Share $0.110
Next Ex-Dividend Date Jun 07, 2024
Next Payment Date Jun 28, 2024

Upcoming Dividend Payment

To receive the upcoming dividend from CVLG the purchase should be done within the next 11 days.
Here's a simple guide on how to buy CVLG stock.

CVLG Dividend Payout History

To ensure a understanding of CVLG's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 07, 2024 Jun 07, 2024 Jun 28, 2024 $0.110 0.232%
2 Feb 15, 2024 Feb 29, 2024 Mar 29, 2024 $0.110 0.237%
3 Nov 16, 2023 Nov 30, 2023 Dec 29, 2023 $0.110 0.239%
4 Aug 21, 2023 Aug 31, 2023 Sep 29, 2023 $0.110 0.251%
5 May 22, 2023 Jun 01, 2023 Jun 30, 2023 $0.110 0.251%
6 Feb 16, 2023 Mar 02, 2023 Mar 31, 2023 $0.110 0.311%
7 Nov 16, 2022 Dec 01, 2022 Dec 30, 2022 $0.0800 0.231%
8 Aug 17, 2022 Sep 01, 2022 Sep 30, 2022 $0.0800 0.279%
9 May 19, 2022 Jun 02, 2022 Jun 24, 2022 $0.0630 0.245%
10 Jan 26, 2022 Mar 03, 2022 Mar 25, 2022 $0.0630 0.277%

Dividend Sustainability

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Sustainability score

Low (50.00%)

Growth potential

Decrease likely (50.64%)

CVLG Dividend Calculator

Dividend Calculator is designed to forecast the potential returns from CVLG dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in CVLG stock here.

Comparing CVLG to Sector and Country

CVLG pays a solid dividend yield of 0.98%, which is higher than the average of the bottom 25% of dividend payers in the US market (0.506%). CVLG’s dividend yield is lower than the average of the top 25% of dividend payers in the Industrials sector in the US market (6.62%), which means that there are more attractive dividend stocks to consider.

CVLG Stock Competitors

Symbol Company Name Market Cap Amount Per Share Dividend Yield (TTM) Payout Ratio (TTM)
Haynes International 752.913M $0.220 1.66% 29.64%
Covenant Logistics Group Inc. 610.342M $0.110 0.98% 13.53%

FAQ

What factors can affect the amount of CVLG's dividend payments?
The amount of CVLG's dividends can fluctuate based on several factors, including the company's financial performance, earnings, cash flow, capital requirements, and overall market conditions. Changes in CVLG sector's trends, interest rate shifts, and the company's operational adjustments can also influence dividend decisions.

Can dividends from CVLG stock be automatically reinvested?
If CVLG offers a Dividend Reinvestment Plan (DRIP), shareholders may have the option to automatically reinvest dividends to purchase additional shares. Please check with your brokerage for the availability and details of such a plan. Here's an easy guide on how to buy CVLG stock.

How often does CVLG pay dividend?
Covenant Logistics Group Inc. (CVLG) pays dividends quarterly. The most recent payout was on Mar 29, 2024. The upcoming dividend Ex Date is Jun 07, 2024, with an amount of $0.110.

How much does CVLG pays per share?
The last recorder (Feb 29, 2024) dividend per share was $0.110.

What is CVLG dividend growth rate?
Over the last year, Covenant Logistics Group Inc. has witnessed growth rate of 0% . Looking back over the past 3 years, this growth rate has been 20.42%. Furthermore, examining the past 5 years, Covenant Logistics Group Inc. has maintained an average Dividends Per Share Growth Rate of 11.79%.
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About Covenant Logistics Group Inc.

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. The Dedicated segment provides customers with committ... CVLG Profile

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