Covenant Logistics Group Announces Quarterly Cash Dividend
Covenant Logistics Group (NYSE: CVLG) has declared a quarterly cash dividend of $0.11 per share for both Class A and Class B common stock. The dividend will be paid on December 27, 2024, to stockholders of record as of December 6, 2024. This dividend is part of an ongoing cash dividend program approved by the company's board of directors, with future declarations subject to quarterly board determination.
Covenant Logistics Group (NYSE: CVLG) ha annunciato un dividendo in contante trimestrale di $0,11 per azione sia per le azioni di Classe A che per quelle di Classe B. Il dividendo sarà pagato il 27 dicembre 2024, agli azionisti che risulteranno in possesso delle azioni il 6 dicembre 2024. Questo dividendo fa parte di un programma di dividendi in contante continuativo approvato dal consiglio di amministrazione dell'azienda, con future dichiarazioni soggette alla decisione trimestrale del consiglio.
Covenant Logistics Group (NYSE: CVLG) ha declarado un dividendo en efectivo trimestral de $0.11 por acción tanto para las acciones Clase A como Clase B. El dividendo se pagará el 27 de diciembre de 2024, a los accionistas registrados a partir del 6 de diciembre de 2024. Este dividendo es parte de un programa de dividendos en efectivo en curso aprobado por la junta directiva de la empresa, con futuras declaraciones sujetas a la determinación trimestral de la junta.
Covenant Logistics Group (NYSE: CVLG)는 클래스 A 및 클래스 B 보통주 각각에 대해 주당 $0.11의 분기 현금 배당금을 선언했습니다. 배당금은 2024년 12월 27일에 지급되며, 2024년 12월 6일 기준 주주에게 지급됩니다. 이 배당금은 회사 이사회에서 승인한 지속적인 현금 배당 프로그램의 일환으로, 향후 배당금 선언은 분기별 이사회 결정에 따라 달라질 수 있습니다.
Covenant Logistics Group (NYSE: CVLG) a déclaré un dividende en espèces trimestriel de 0,11 $ par action pour les actions ordinaires de Classe A et de Classe B. Le dividende sera payé le 27 décembre 2024 aux actionnaires inscrits au 6 décembre 2024. Ce dividende fait partie d'un programme de dividende en espèces continu approuvé par le conseil d'administration de l'entreprise, les futures déclarations étant soumises à la décision trimestrielle du conseil.
Covenant Logistics Group (NYSE: CVLG) hat eine vierteljährliche Barausschüttung von 0,11 $ pro Aktie für sowohl Klasse A- als auch Klasse B-Aktien erklärt. Die Ausschüttung wird am 27. Dezember 2024 an Aktionäre, die am 6. Dezember 2024 im Aktienbesitz sind, ausgezahlt. Diese Ausschüttung ist Teil eines laufenden Barausschüttungsprogramms, das vom Vorstand des Unternehmens genehmigt wurde, wobei zukünftige Erklärungen der vierteljährlichen Entscheidung des Vorstands unterliegen.
- Maintaining consistent dividend payments, indicating financial stability
- Equal treatment of Class A and Class B shareholders
- None.
CHATTANOOGA, Tenn., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) announced today that its board of directors has declared a quarterly cash dividend of
The quarterly cash dividend is pursuant to a cash dividend program previously approved by the Company’s board of directors. The actual declaration of future cash dividends, and the establishment of record and payment dates is subject to final determination by the board of directors each quarter.
About Covenant
Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States. Primary services include asset- based expedited and dedicated truckload capacity, as well as asset-light warehousing, transportation management, and freight brokerage capability. In addition, Transport Enterprise Leasing is an affiliated company providing revenue equipment sales and leasing services to the trucking industry. Covenant's Class A common stock is traded on the New York Stock Exchange under the symbol, “CVLG.”
This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical or current fact, are statements that could be deemed forward-looking statements, including, without limitation, statements relating to our declaration of quarterly dividends. Forward-looking statements are based on the current beliefs, assumptions, and expectations of management and current market conditions. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, which could cause future events and actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. There can be no assurance that future dividends will be declared. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; compliance with applicable law; restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the Securities and Exchange Commission. Readers should review and consider the factors that may affect future results and other disclosures in the Risk Factors section of Covenant Logistics Group, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2023 and various disclosures in our press releases, stockholder reports, and other filings with the Securities and Exchange Commission. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein.
For further information contact:
Paul Bunn, President
PBunn@covenantlogistics.com
Tripp Grant, Chief Financial Officer
TGrant@covenantlogistics.com
For copies of Company information contact:
Brooke McKenzie, Executive Administrative Assistant
BMcKenzie@covenantlogistics.com
FAQ
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