Covenant Logistics Group

NasdaqGS:CVLG Stock Report

Mkt Cap: US$517.9m

Covenant Logistics Group Dividend

What is Covenant Logistics Group current dividend yield, its reliability and sustainability?

[object Object] Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.83%

Current Dividend Yield

Dividend Yield vs Market

Covenant Logistics Group Dividend Yield vs Market
How does CVLG dividend yield compare to the market?
SegmentDividend Yield
Company (CVLG)0.8%
Market Bottom 25% (US)1.5%
Market Top 25% (US)4.2%
Industry Average (Transportation)1.7%
Analyst forecast in 3 Years (CVLG)n/a

Notable Dividend: CVLG's dividend (0.83%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.5%).

High Dividend: CVLG's dividend (0.83%) is low compared to the top 25% of dividend payers in the US market (4.26%).


Stability and Growth of Payments

How stable has Covenant Logistics Group's dividend per share been in the past?
MonthDividend Per Share (annual)Avg. Yield (%)
12/1/20220.320.83
8/19/20220.320.99
8/5/20220.250.76
7/25/20220.250.76
1/28/20220.251.12
1/26/20220.251.18

Stable Dividend: Too early to tell whether CVLG's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if CVLG's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (2.8%), CVLG's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (8.4%), CVLG's dividend payments are thoroughly covered by cash flows.


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