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.
Covenant Logistics Group, Inc. offers a range of transportation and logistics services throughout the United States, including expedited and dedicated truckload capacity, warehousing, transportation management, and freight brokerage capability. Its affiliated company, Transport Enterprise Leasing, provides revenue equipment sales and leasing services to the trucking industry.
The company's Class A common stock is traded on the New York Stock Exchange under the symbol "CVLG."
In the previous period, the quarterly cash dividend was also $0.07 per share for both Class A and Class B common stock. Therefore, there has been no change in the dividend amount compared to the previous period.
This announcement reflects the company's commitment to providing returns to its shareholders through regular dividend payments. The market has reacted to these announcements by moving the company's shares -0.64% to a price of $23.23. Check out the company's full 8-K submission here.
