Covenant Logistics Group, Inc. (NYSE: CVLG) has declared a quarterly cash dividend of $0.07 per share of Class A and Class B common stock. The dividend is payable to stockholders of record on June 6, 2025, and is expected to be paid on June 27, 2025. This dividend is part of the company's previously approved cash dividend program.
The press release also provides a brief overview of Covenant Logistics Group, Inc., highlighting its portfolio of transportation and logistics services offered 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. Additionally, the company's affiliated entity, Transport Enterprise Leasing, provides revenue equipment sales and leasing services to the trucking industry.
The announcement of the quarterly cash dividend indicates a commitment to rewarding shareholders. It also suggests that the company's financial position allows for the distribution of profits to investors. Following these announcements, the company's shares moved -0.64%, and are now trading at a price of $23.23. For the full picture, make sure to review COVENANT LOGISTICS GROUP, INC.'s 8-K report.
