Universal Logistics Holdings, Inc. (ULH) to Distribute Quarterly Dividend of $0.10 on October 1st

Universal Logistics Holdings, Inc. (NASDAQ:ULH) announced a quarterly dividend on Friday, July 31st. Investors of record on Tuesday, September 1st will be given a dividend of 0.105 per share by the transportation company on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 1st.

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% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Universal Logistics to earn $1.15 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 36.5%.

Universal Logistics Trading Up 3.1%

Shares of ULH stock opened at $19.52 on Friday. The firm has a market capitalization of $514.70 million, a P/E ratio of -10.61 and a beta of 0.69. Universal Logistics has a twelve month low of $11.73 and a twelve month high of $27.24. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.06. The stock’s fifty day simple moving average is $16.50 and its 200 day simple moving average is $17.30.

Universal Logistics (NASDAQ:ULH) last issued its earnings results on Friday, July 31st. The transportation company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Universal Logistics had a positive return on equity of 1.99% and a negative net margin of 3.16%.The business had revenue of $379.32 million during the quarter, compared to analysts’ expectations of $380.40 million. As a group, sell-side analysts predict that Universal Logistics will post 0.5 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.