Universal Logistics Holdings, Inc. (ULH) to Issue Quarterly Dividend of $0.11 on January 2nd

Universal Logistics Holdings, Inc. (NASDAQ:ULH) declared a quarterly dividend on Thursday, October 24th,Zacks Dividends reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.105 per share by the transportation company on Thursday, January 2nd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Monday, December 2nd.

Universal Logistics has raised its dividend by an average of 26.0% per year over the last three years. Universal Logistics has a payout ratio of 9.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Universal Logistics to earn $4.63 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 9.1%.

Universal Logistics Stock Up 1.7 %

ULH stock opened at $52.11 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75. Universal Logistics has a fifty-two week low of $24.40 and a fifty-two week high of $53.29. The firm’s 50-day simple moving average is $45.79 and its 200 day simple moving average is $43.16. The stock has a market cap of $1.37 billion, a PE ratio of 10.46 and a beta of 0.84.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Universal Logistics from a “buy” rating to a “hold” rating in a report on Monday, August 12th.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.