Covenant Logistics Group (NYSE:CVLG) Has Announced A Dividend Of $0.11 [Yahoo! Finance]
Covenant Logistics Group, Inc. Class A (CVLG)
Company Research
Source: Yahoo! Finance
View our latest analysis for Covenant Logistics Group Covenant Logistics Group's Payment Has Solid Earnings Coverage Even a low dividend yield can be attractive if it is sustained for years on end. Prior to this announcement, Covenant Logistics Group's earnings easily covered the dividend, but free cash flows were negative. In general, we consider cash flow to be more important than earnings, so we would be cautious about relying on the sustainability of this dividend. Looking forward, earnings per share is forecast to rise by 32.7% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could be 10% by next year, which is in a pretty sustainable range. Covenant Logistics Group Doesn't Have A Long Payment History Looking back, the dividend has been stable, but the company hasn't been paying a dividend for very long so we can't be confident that the dividend will remain stable through all economic environments. Since 2021, the divid
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CVLG
News
- Covenant Logistics Group's (NYSE:CVLG) Shareholders Have More To Worry About Than Only Soft Earnings [Yahoo! Finance]Yahoo! Finance
- RXO (RXO) To Report Earnings Tomorrow: Here Is What To Expect [Yahoo! Finance]Yahoo! Finance
- U-Haul Earnings: What To Look For From UHAL [Yahoo! Finance]Yahoo! Finance
- Covenant Logistics Group Named 2024 Top Company for Women to Work in Transportation [Yahoo! Finance]Yahoo! Finance
- Covenant Logistics Group Named 2024 Top Company for Women to Work in TransportationGlobeNewswire
CVLG
Earnings
- 10/23/24 - Beat
CVLG
Sec Filings
- 11/5/24 - Form 4
- 11/1/24 - Form 4
- 11/1/24 - Form 10-Q
- CVLG's page on the SEC website