Covenant Logistics Group Inc – stated on May 22, 2023 that its board of administrators declared a common quarterly dividend of $0.11 per share ($0.44 annualized). Previously, the corporate paid $0.11 per share.
Shares should be bought earlier than the ex-div date of June 1, 2023 to qualify for the dividend. Shareholders of report as of June 2, 2023 will obtain the fee on June 30, 2023.
At the present share value of $38.99 / share, the inventory’s dividend yield is 1.13%.
Looking again 5 years and taking a pattern each week, the common dividend yield has been 2.13%, the bottom has been 0.74%, and the very best has been 5.87%. The commonplace deviation of yields is 1.00 (n=237).
The present dividend yield is 1.00 commonplace deviations beneath the historic common.
Additionally, the corporate’s dividend payout ratio is 0.06. The payout ratio tells us how a lot of an organization’s earnings is paid out in dividends. A payout ratio of 1 (1.0) means 100% of the corporate’s earnings is paid in a dividend. A payout ratio better than one means the corporate is dipping into financial savings so as to keep its dividend – not a wholesome scenario. Companies with few development prospects are anticipated to pay out most of their earnings in dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good development prospects are anticipated to retain some earnings so as to put money into these development prospects, which interprets to a payout ratio of zero to 0.5.
The firm has not elevated its dividend within the final three years.
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What is the Fund Sentiment?
There are 309 funds or establishments reporting positions in Covenant Logistics Group Inc -. This is a lower of 24 proprietor(s) or 7.21% within the final quarter. Average portfolio weight of all funds devoted to CVLG is 0.06%, a lower of 11.96%. Total shares owned by establishments decreased within the final three months by 3.02% to eight,354K shares. 
The put/name ratio of CVLG is 1.62, indicating a bearish outlook.
Analyst Price Forecast Suggests 22.08% Upside
As of May 11, 2023, the common one-12 months value goal for Covenant Logistics Group Inc – is 47.60. The forecasts vary from a low of 37.37 to a excessive of $66.15. The common value goal represents a rise of twenty-two.08% from its newest reported closing value of 38.99.
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The projected annual income for Covenant Logistics Group Inc – is 1,115MM, a lower of 6.47%. The projected annual non-GAAP EPS is 4.11.
What are Other Shareholders Doing?
Lsv Asset Management holds 466K shares representing 3.61% possession of the corporate. In it is prior submitting, the agency reported proudly owning 467K shares, representing a lower of 0.19%. The agency elevated its portfolio allocation in CVLG by 4.00% during the last quarter.
Acadian Asset Management holds 347K shares representing 2.68% possession of the corporate. In it is prior submitting, the agency reported proudly owning 343K shares, representing a rise of 1.05%. The agency decreased its portfolio allocation in CVLG by 7.84% during the last quarter.
Patton Albertson Miller Group holds 283K shares representing 2.19% possession of the corporate. No change within the final quarter.
Scopus Asset Management holds 283K shares representing 2.19% possession of the corporate. In it is prior submitting, the agency reported proudly owning 0K shares, representing a rise of 100.00%.
DFSVX – U.s. Small Cap Value Portfolio – Institutional Class holds 250K shares representing 1.94% possession of the corporate. In it is prior submitting, the agency reported proudly owning 289K shares, representing a lower of 15.69%. The agency decreased its portfolio allocation in CVLG by 26.37% during the last quarter.
Covenant Logistics Group Background Information
(This description is supplied by the corporate.)
Covenant Logistics Group, Inc., by means of its subsidiaries, gives a portfolio of transportation and logistics companies to clients all through the United States. Primary companies embrace asset primarily based expedited, devoted, and irregular route truckload capability, in addition to asset-mild warehousing, transportation administration, and freight brokerage functionality. In addition, Transport Enterprise Leasing is an affiliated firm offering income tools gross sales and leasing companies to the trucking trade. Covenant’s Class
Key filings for this firm:
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