Covenant Logistics Group (Covenant Logistics Group) Dividend Payout Ratio : 0.13 (As of Dec. 2023)

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What is Covenant Logistics Group Dividend Payout Ratio?

Covenant Logistics Group's dividend payout ratio for the months ended in Dec. 2023 was 0.13.

The historical rank and industry rank for Covenant Logistics Group's Dividend Payout Ratio or its related term are showing as below:

CVLG' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.1 Max: 0.14
Current: 0.14

During the past 13 years, the highest Dividend Payout Ratio of Covenant Logistics Group was 0.14. The lowest was 0.06. And the median was 0.10.

CVLG's Dividend Payout Ratio is ranked better than
87.45% of 526 companies
in the Transportation industry
Industry Median: 0.41 vs CVLG: 0.14

As of today (2024-04-27), the Dividend Yield % of Covenant Logistics Group is 0.98%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Covenant Logistics Group was 1.06%. The lowest was 0.25%. And the median was 0.82%.

Covenant Logistics Group's Dividends per Share for the months ended in Dec. 2023 was $0.11.

During the past 12 months, Covenant Logistics Group's average Dividends Per Share Growth Rate was 54.40% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Covenant Logistics Group Dividend Payout Ratio Historical Data

The historical data trend for Covenant Logistics Group's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Covenant Logistics Group Dividend Payout Ratio Chart

Covenant Logistics Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.06

0.14

Covenant Logistics Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.16	0.14	0.10	0.13	0.34

Competitive Comparison of Covenant Logistics Group's Dividend Payout Ratio

For the Trucking subindustry, Covenant Logistics Group's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Covenant Logistics Group's Dividend Payout Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Covenant Logistics Group's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Covenant Logistics Group's Dividend Payout Ratio falls into.

Covenant Logistics Group Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Covenant Logistics Group's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.44	/	3.262
	=	0.13

Covenant Logistics Group's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.11	/	0.879
	=	0.13

Covenant Logistics Group (NAS:CVLG) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Covenant Logistics Group Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Covenant Logistics Group's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Covenant Logistics Group (Covenant Logistics Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Covenant Logistics Group Inc (NAS:CVLG) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

CV5:Germany

Address

400 Birmingham Highway, Chattanooga, TN, USA, 37419

Website

https://www.covenantlogistics.com

Covenant Logistics Group Inc together with its wholly-owned subsidiaries offers truckload transportation and freight brokerage services to customers throughout the continental United States. The company's reportable segments include Expedited, Dedicated Services, Managed Freight and Warehousing. Expedited segment provides truckload services to customers with high service freight and delivery standards. Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length. Managed Freight segment includes brokerage services and TMS. Warehousing segment provides day-to-day warehouse management services to customers who have chosen to outsource this function. Majority of revenue is generated from expedited segment.

Executives

Joey B Hogan	officer: Exec Vice President and CFO	400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419
Wesley Miller Welborn	director	6401 LEE HIGHWAY, STE B, CHATTANOOGA TN 37421
Benjamin Sr Carson	director	PO BOX 3599, BATTLE CREEK MI 49016-3599
Samuel F Hough	officer: EVP - Expedited	400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419
Lynn Doster	officer: EVP - Dedicated & Warehousing	400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419
Paul Bunn	officer: President, COO, and Secretary	COVENANT TRANSPORTATION GROUP, INC., 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419
Rachel Parker-hatchett	director	400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419
Herbert J Schmidt	director	1950 LAKE RIDGE DRIVE, THE VILLAGES FL 32162
Grant James S Iii	officer: EVP and CFO	400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419
Joey Ballard	officer: EVP, People and Safety	400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419
D Michael Kramer	director	P O BOX 868, EVANSVILLE IN 47705-0868
George S. Yates	officer: SVP - Brokerage	400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419
Tracy L. Rosser	director	400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419
Bradley A Moline	director	610 BROADWAY, IMPERIAL NE 69033
Robert E Bosworth	director	LIVINGSTON COMPANY & SOUTHPORT CAPITAL, ONE UNION SQUARE, SUITE 300, CHATTANOOGA TN 37402