Universal Logistics Holdings, Inc. (NASDAQ:ULH – Get Free Report) 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.
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.
Check Out Our Latest Stock Analysis on Universal Logistics
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.
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