Universal Logistics Holdings, Inc. (NASDAQ:ULH) Plans $0.11 Quarterly Dividend

Universal Logistics Holdings, Inc. (NASDAQ:ULH) announced a quarterly dividend on Friday, March 13th. Shareholders of record on Monday, March 23rd will be paid a dividend of 0.105 per share by the transportation company on Friday, April 3rd. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, March 23rd.

Universal Logistics has raised its dividend payment by an average of 0.1%per year over the last three years. Universal Logistics has a payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Universal Logistics to earn $3.95 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 10.6%.

Universal Logistics Trading Up 5.2%

ULH opened at $17.67 on Friday. The firm’s 50 day moving average is $16.70 and its 200-day moving average is $17.84. Universal Logistics has a 52-week low of $12.78 and a 52-week high of $30.76. The company has a quick ratio of 1.32, a current ratio of 1.20 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $465.60 million, a P/E ratio of -8.22 and a beta of 0.91.

Universal Logistics (NASDAQ:ULH) last announced its earnings results on Friday, March 13th. The transportation company reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.19. Universal Logistics had a negative net margin of 3.64% and a positive return on equity of 4.13%. The business had revenue of $385.43 million during the quarter, compared to the consensus estimate of $376.10 million. Analysts expect that Universal Logistics will post 2.81 EPS for the current fiscal year.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.

Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.