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

Universal Logistics Holdings, Inc. (NASDAQ:ULH) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Shareholders of record on Monday, September 2nd will be given a dividend of 0.105 per share by the transportation company on Tuesday, October 1st. This represents a $0.42 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, August 30th.

Universal Logistics has raised its dividend by an average of 26.0% per year over the last three years. Universal Logistics has a dividend payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Universal Logistics to earn $5.10 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 8.2%.

Universal Logistics Stock Performance

Universal Logistics stock opened at $40.86 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a fifty day moving average price of $40.80 and a two-hundred day moving average price of $39.25. Universal Logistics has a 52-week low of $20.85 and a 52-week high of $50.52. The firm has a market capitalization of $1.08 billion, a P/E ratio of 8.92 and a beta of 0.82.

Universal Logistics (NASDAQ:ULH) last announced its earnings results on Thursday, July 25th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.03. Universal Logistics had a return on equity of 22.84% and a net margin of 7.23%. The company had revenue of $462.16 million during the quarter, compared to analyst estimates of $461.60 million. During the same period last year, the company posted $0.90 earnings per share. As a group, analysts anticipate that Universal Logistics will post 5.25 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered Universal Logistics from a “buy” rating to a “hold” rating in a research note on Monday, August 12th.

About Universal Logistics

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.