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

Key Points

• Universal Logistics declared a quarterly dividend of $0.105 per share (annualized $0.42) with record date March 23 and payable April 3, implying a dividend yield of about 2.4%.
• The company beat quarterly estimates with $0.14 EPS and $385.4M revenue, and its low payout ratio (~13.8%) — forecast to drop to ~10.6% — suggests the dividend is well covered by earnings.

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) announced a quarterly dividend on Friday, March 13th. Shareholders of record on Monday, March 23rd will be given a dividend of 0.105 per share by the transportation company on Friday, April 3rd. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, March 23rd.

Universal Logistics has increased its dividend payment by an average of 0.1%per year over the last three years. Universal Logistics has a payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Universal Logistics to earn $3.95 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 10.6%.

Universal Logistics Stock Performance

NASDAQ:ULH opened at $17.67 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.20 and a quick ratio of 1.32. The firm has a market cap of $465.60 million, a PE ratio of -8.22 and a beta of 0.91. The firm has a 50 day simple moving average of $16.70 and a 200-day simple moving average of $17.84. Universal Logistics has a 1-year low of $12.78 and a 1-year high of $30.76.

Universal Logistics (NASDAQ:ULH - Get Free Report) last announced its earnings results on Friday, March 13th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.19. The firm had revenue of $385.43 million for the quarter, compared to analyst estimates of $376.10 million. Universal Logistics had a negative net margin of 3.64% and a positive return on equity of 4.13%. On average, equities analysts expect that Universal Logistics will post 2.81 EPS for the current year.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.

Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.

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