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Covenant Logistics Group, Inc. to Issue Quarterly Dividend of $0.07 (NYSE:CVLG)

Written by MarketBeat
Updated August 20, 2025
Covenant Logistics Group logo with Transportation, Communications, Electric, Gas, And Sanitary Services background

Key Points

  • Covenant Logistics Group, Inc. has declared a quarterly dividend of $0.07 per share, payable on September 26th to shareholders of record as of September 5th, reflecting an annualized yield of 1.2%.
  • The company's stock has experienced a decline of 1.7%, recently trading at $23.84, with analysts adjusting price targets and ratings amidst market fluctuations.
  • Covenant Logistics operates in the U.S. transportation and logistics sector through four segments, providing truckload services with strict delivery standards.
  • Interested in Covenant Logistics Group? Here are five stocks we like better.

Covenant Logistics Group, Inc. (NYSE:CVLG - Get Free Report) announced a quarterly dividend on Friday, August 15th, RTT News reports. Shareholders of record on Friday, September 5th will be paid a dividend of 0.07 per share on Friday, September 26th. This represents a c) annualized dividend and a yield of 1.2%.

Covenant Logistics Group Price Performance

NYSE CVLG traded down $0.58 on Wednesday, reaching $23.52. 86,436 shares of the company's stock traded hands, compared to its average volume of 97,904. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 1.06. Covenant Logistics Group has a 12 month low of $17.46 and a 12 month high of $30.77. The stock has a 50-day simple moving average of $24.19 and a 200 day simple moving average of $23.24. The stock has a market cap of $588.47 million, a PE ratio of 17.95 and a beta of 1.41.

Analyst Upgrades and Downgrades

CVLG has been the subject of several analyst reports. Wall Street Zen upgraded shares of Covenant Logistics Group from a "hold" rating to a "buy" rating in a research report on Wednesday, July 30th. TD Cowen lowered their target price on Covenant Logistics Group from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Covenant Logistics Group currently has a consensus rating of "Buy" and an average target price of $33.00.

Check Out Our Latest Research Report on CVLG

Covenant Logistics Group Company Profile

(Get Free Report)

Covenant Logistics Group, Inc, together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows.

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Dividend History for Covenant Logistics Group (NYSE:CVLG)

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