Universal Logistics Holdings, Inc. (NASDAQ:ULH) Shareholders to Collect $0.10 Quarterly Dividend

Key Points

• Universal Logistics declared a quarterly dividend of $0.105 per share, payable January 6 to shareholders of record December 1. The dividend annualizes to $0.42 per share and yields approximately 2.4%.
• The dividend appears well covered, with a current payout ratio of 13.8%; analysts expect next year’s earnings to support an estimated payout ratio of 36.5%.
• Universal Logistics reported quarterly EPS of $0.69, well above the $0.32 consensus estimate, while revenue reached $394.05 million versus expectations of $390 million.

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.1050 per share by the transportation company on Wednesday, January 6th. This represents a $0.42 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, December 1st.

Universal Logistics has increased its dividend by an average of 0.1% annually over the last three years. Universal Logistics has a payout ratio of 13.8% indicating that 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 2.2%

Shares of Universal Logistics stock opened at $17.42 on Friday. The company's fifty day simple moving average is $17.72 and its 200-day simple moving average is $17.35. The stock has a market capitalization of $459.33 million, a PE ratio of -9.47 and a beta of 0.74. Universal Logistics has a 1-year low of $11.73 and a 1-year high of $25.80. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.20 and a quick ratio of 1.20.

Universal Logistics (NASDAQ:ULH - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.37. The firm had revenue of $394.05 million for the quarter, compared to analysts' expectations of $390.00 million. Universal Logistics had a negative net margin of 3.16% and a positive return on equity of 1.99%. As a group, equities analysts anticipate that Universal Logistics will post 0.50 earnings per share for the current year.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics services throughout the United States, Canada and Mexico. The company serves automotive, industrial, retail and other commercial customers with customized supply-chain solutions designed to move freight and support manufacturing and distribution operations.

Its services include contract logistics, dedicated transportation, truckload and intermodal transportation, freight brokerage, drayage, and value-added services.

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