Covenant Logistics Group (NASDAQ:CVLG) Is Due To Pay A Dividend Of $0.11 [Yahoo! Finance]
Covenant Logistics Group, Inc. - Class A (CVLG)
Company Research
Source: Yahoo! Finance
See our latest analysis for Covenant Logistics Group Covenant Logistics Group's Payment Has Solid Earnings Coverage The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Covenant Logistics Group is quite easily earning enough to cover the dividend, however it is being let down by weak cash flows. We think that cash flows should take priority over earnings, so this is definitely a worry for the dividend going forward. The next year is set to see EPS grow by 11.4%. Assuming the dividend continues along recent trends, we think the payout ratio could be 9.4% by next year, which is in a pretty sustainable range. Covenant Logistics Group Is Still Building Its Track Record The dividend hasn't seen any major cuts in the past, but the company has only been paying a dividend for 2 years, which isn't that long in the grand scheme of things. The dividend has gone from an annual total of $0.25 in 2022 to the m
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CVLG
News
- Covenant Logistics Group Announces Appointment of Chief Operating Officer [Yahoo! Finance]Yahoo! Finance
- Covenant Logistics Group Announces Appointment of Chief Operating OfficerGlobeNewswire
- Covenant Logistics Group Announces First Quarter Financial and Operating ResultsGlobeNewswire
- Covenant Logistics Group, Inc.'s (NASDAQ:CVLG) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong? [Yahoo! Finance]Yahoo! Finance
- Covenant Logistics (CVLG) Ascends While Market Falls: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
CVLG
Earnings
- 4/24/24 - Beat
CVLG
Sec Filings
- 5/3/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 4/24/24 - Form 8-K
- CVLG's page on the SEC website