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CHATTANOOGA - Covenant Logistics Group, Inc. (NYSE:CVLG), a transportation company with a market capitalization of $596 million, announced Friday that its board of directors has declared a quarterly cash dividend of $0.07 per share on both its Class A and Class B common stock. The dividend represents a yield of 1.15%, with impressive year-over-year dividend growth of 27%.
The dividend will be payable to stockholders of record as of September 5, 2025, with payment expected on September 26, 2025, according to a press release statement from the company.
This quarterly cash dividend is part of a previously approved dividend program established by Covenant’s board of directors. The company noted that future dividend declarations, including record and payment dates, remain subject to final determination by the board each quarter.
Covenant Logistics Group provides transportation and logistics services throughout the United States. The company’s service portfolio includes asset-based expedited and dedicated truckload capacity, as well as asset-light warehousing, transportation management, and freight brokerage capabilities.
The company’s affiliated entity, Transport Enterprise Leasing, provides revenue equipment sales and leasing services to the trucking industry.
Covenant’s Class A common stock trades on the New York Stock Exchange under the symbol CVLG.
In other recent news, Covenant Logistics Group reported its Q2 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.45, which was higher than the projected $0.419, representing a 7.4% surprise. Revenue for the quarter reached $302.85 million, exceeding the anticipated $287.25 million. These results highlight Covenant Logistics’ strong performance in the latest quarter. Additionally, analysts had forecasted lower earnings and revenue figures, making the company’s actual results noteworthy. The positive earnings announcement suggests a favorable outlook for the company, as indicated by the surpassing of both earnings and revenue estimates. These developments have captured the attention of investors and analysts alike.
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