Covenant Logistics Group Announces Quarterly Cash Dividend

Covenant Logistics Group, a company offering transportation and logistics services in the US, has some exciting news to share! They just announced that their board of directors has approved a quarterly cash dividend of $0.11 per share for both Class A and Class B common stock. If you’re a stockholder, mark your calendar because this dividend is set to be paid on December 27, 2024. Make sure you’re on the list of record stockholders by December 6, 2024, to receive this dividend.

What’s cool is that this announcement is part of a cash dividend program that the board of directors gave the thumbs up to previously. Each quarter, the board will decide on future cash dividends and set the record and payment dates accordingly.

In case you’re wondering, Covenant Logistics Group, Inc. provides various transportation and logistics services across the United States. Their services include expedited and dedicated truckload capacity, warehousing, transportation management, and freight brokerage. They’re also affiliated with Transport Enterprise Leasing, which offers equipment sales and leasing services to the trucking industry. You can find their Class A common stock listed on the New York Stock Exchange under the symbol “CVLG.”

It’s important to note that while this news is exciting, it’s essential to understand that forward-looking statements come with risks and uncertainties. Factors like cash flow, compliance with laws, and changes in financial conditions can all impact future dividends. The board of directors will have the final say on future declarations.

For more information, you can reach out to Paul Bunn, the President, at [email protected], or Tripp Grant, the Chief Financial Officer, at [email protected]. If you need additional company information, contact Brooke McKenzie, the Executive Administrative Assistant, at [email protected].

Exciting times are ahead for Covenant Logistics Group, so stay tuned for more updates!