Universal Logistics Holdings, Inc. to Issue Quarterly Dividend of $0.11 (NASDAQ:ULH)

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Monday, June 3rd will be given a dividend of 0.105 per share by the transportation company on Monday, July 1st. This represents a $0.42 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Monday, June 3rd.

Universal Logistics has raised its dividend by an average of 10.1% annually over the last three years.

Universal Logistics Price Performance

Shares of ULH stock traded up $12.95 during trading hours on Friday, reaching $45.84. The company had a trading volume of 484,218 shares, compared to its average volume of 35,873. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a fifty day moving average of $34.70 and a 200-day moving average of $29.61. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 10.01 and a beta of 1.08. Universal Logistics has a 12-month low of $20.85 and a 12-month high of $48.63.

Universal Logistics (NASDAQ:ULH - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The transportation company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.10. Universal Logistics had a return on equity of 23.60% and a net margin of 7.02%. The firm had revenue of $390.92 million for the quarter, compared to analysts' expectations of $377.30 million. On average, equities analysts anticipate that Universal Logistics will post 3.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ULH shares. Stifel Nicolaus raised Universal Logistics from a "hold" rating to a "buy" rating and upped their price objective for the stock from $35.00 to $36.00 in a research report on Wednesday, January 10th. StockNews.com raised Universal Logistics from a "hold" rating to a "buy" rating in a report on Friday.

Universal Logistics Company Profile

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.