Covenant Logistics Group Announces Quarterly Cash Dividend
Covenant Logistics Group (NYSE: CVLG) has declared a quarterly cash dividend of $0.07 per share for both Class A and Class B common stock. The dividend will be paid on March 28, 2025, to stockholders of record as of March 7, 2025.
The company, which provides transportation and logistics services across the United States, offers asset-based expedited and dedicated truckload capacity, along with asset-light warehousing, transportation management, and freight brokerage services. Through its affiliate Transport Enterprise Leasing, it also provides revenue equipment sales and leasing services to the trucking industry.
Future dividend declarations will be subject to board approval and various factors including cash flow needs, legal compliance, and financial conditions.
Covenant Logistics Group (NYSE: CVLG) ha dichiarato un dividendo in contante trimestrale di $0.07 per azione sia per le azioni comuni di Classe A che di Classe B. Il dividendo sarà pagato il 28 marzo 2025 agli azionisti registrati al 7 marzo 2025.
L'azienda, che fornisce servizi di trasporto e logistica negli Stati Uniti, offre capacità di carico a tempo e dedicata basata su asset, insieme a servizi di magazzinaggio a basso costo, gestione dei trasporti e intermediazione di merci. Attraverso la sua affiliata Transport Enterprise Leasing, offre anche servizi di vendita e leasing di attrezzature per l'industria dei trasporti.
Le dichiarazioni future dei dividendi saranno soggette all'approvazione del consiglio e a vari fattori, tra cui le esigenze di flusso di cassa, la conformità legale e le condizioni finanziarie.
Covenant Logistics Group (NYSE: CVLG) ha declarado un dividendo en efectivo trimestral de $0.07 por acción tanto para las acciones comunes de Clase A como de Clase B. El dividendo se pagará el 28 de marzo de 2025 a los accionistas registrados al 7 de marzo de 2025.
La empresa, que ofrece servicios de transporte y logística en los Estados Unidos, proporciona capacidad de carga urgente y dedicada basada en activos, junto con servicios de almacenamiento liviano, gestión del transporte y corretaje de mercancías. A través de su afiliada Transport Enterprise Leasing, también ofrece servicios de venta y arrendamiento de equipos para la industria del transporte.
Las futuras declaraciones de dividendos estarán sujetas a la aprobación de la junta y a varios factores, incluyendo las necesidades de flujo de efectivo, el cumplimiento legal y las condiciones financieras.
Covenant Logistics Group (NYSE: CVLG)는 주당 $0.07의 분기 현금 배당금을 클래스 A 및 클래스 B 보통주 모두에 대해 선언했습니다. 배당금은 2025년 3월 28일에 2025년 3월 7일 기준 주주에게 지급됩니다.
미국 전역에서 운송 및 물류 서비스를 제공하는 이 회사는 자산 기반의 긴급 및 전용 화물 용량과 자산 경량의 창고, 운송 관리 및 화물 중개 서비스를 제공합니다. 자회사인 Transport Enterprise Leasing를 통해 트럭 산업에 대한 수익 장비 판매 및 임대 서비스도 제공합니다.
향후 배당금 선언은 이사회 승인 및 현금 흐름 요구, 법적 준수 및 재무 조건 등 여러 요인에 따라 달라질 수 있습니다.
Covenant Logistics Group (NYSE: CVLG) a déclaré un dividende en espèces trimestriel de $0.07 par action pour les actions ordinaires de Classe A et de Classe B. Le dividende sera payé le 28 mars 2025 aux actionnaires inscrits au 7 mars 2025.
L'entreprise, qui fournit des services de transport et de logistique à travers les États-Unis, offre une capacité de chargement accéléré et dédié basée sur des actifs, ainsi que des services d'entreposage léger, de gestion des transports et de courtage de fret. Par l'intermédiaire de sa filiale Transport Enterprise Leasing, elle propose également des services de vente et de location d'équipements pour l'industrie du transport.
Les déclarations de dividendes futures seront soumises à l'approbation du conseil d'administration et à divers facteurs, y compris les besoins en flux de trésorerie, la conformité légale et les conditions financières.
Covenant Logistics Group (NYSE: CVLG) hat eine vierteljährliche Bardividende von $0.07 pro Aktie für sowohl die Stammaktien der Klasse A als auch der Klasse B erklärt. Die Dividende wird am 28. März 2025 an die Aktionäre ausgezahlt, die am 7. März 2025 im Aktienregister stehen.
Das Unternehmen, das Transport- und Logistikdienstleistungen in den Vereinigten Staaten anbietet, stellt asset-basierte beschleunigte und dedizierte Lkw-Kapazitäten sowie asset-leichte Lagerhaltung, Transportmanagement und Frachtvermittlung zur Verfügung. Durch ihre Tochtergesellschaft Transport Enterprise Leasing bietet es auch Verkaufs- und Leasingdienstleistungen für das Transportgewerbe an.
Zukünftige Dividendenerklärungen unterliegen der Genehmigung des Vorstands und verschiedenen Faktoren, einschließlich der Bedürfnisse des Cashflows, der rechtlichen Anforderungen und der finanziellen Bedingungen.
- Maintains consistent shareholder returns through quarterly dividend program
- Diversified revenue streams across transportation, logistics, and leasing services
- None.
CHATTANOOGA, Tenn., Feb. 14, 2025 (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
What is the dividend amount and payment date for CVLG's Q1 2025 dividend?
Does CVLG's dividend apply to both Class A and Class B common stock?
What services does Covenant Logistics Group (CVLG) offer?
Is CVLG's quarterly dividend program guaranteed for future payments?
