Covenant Logistics Group Declares Quarterly Dividend Payment
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Covenant Logistics Group Declares Quarterly Cash Dividend
CHATTANOOGA, Tenn. — Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) has announced that its board of directors has declared a quarterly cash dividend of $0.11 per share of Class A and Class B common stock. This quarterly cash dividend is set to be paid to stockholders of record shortly, demonstrating the company’s consistent commitment to returning value to its investors.
The dividend is part of a cash dividend program that has been previously approved by the Company's board of directors. The declaration of any future cash dividends, along with the establishment of record and payment dates, are subject to final determination by the board on a quarterly basis.
About Covenant Logistics Group
Covenant Logistics Group, Inc., through its subsidiaries, provides a comprehensive range of transportation and logistics services across the United States. Their primary services include asset-based expedited and dedicated truckload capacity, which ensures timely delivery for their clients. Moreover, the company also incorporates asset-light warehousing, transportation management, and freight brokerage capabilities to enhance its service portfolio.
Additionally, Transport Enterprise Leasing, an affiliated entity, offers revenue equipment sales and leasing services tailored for the trucking industry, expanding Covenant's reach in the logistics sector. Covenant’s Class A common stock is actively traded on the New York Stock Exchange under the symbol “CVLG.” This highlights its standing as a robust player in the logistics and transportation market.
Company Contact Information
For further information regarding the dividend announcement or any aspects of the business, interested parties may contact:
Paul Bunn, President
PBunn@covenantlogistics.com
Tripp Grant, Chief Financial Officer
TGrant@covenantlogistics.com
For inquiries about company information, reach out to:
Brooke McKenzie, Executive Administrative Assistant
BMcKenzie@covenantlogistics.com
Frequently Asked Questions
1. What is the amount of the quarterly dividend declared by Covenant Logistics Group?
The quarterly cash dividend declared by Covenant Logistics Group is $0.11 per share for Class A and Class B common stock.
2. When will the dividend be paid to shareholders?
The dividend is expected to be paid on September 27, 2024, to stockholders of record on September 6, 2024.
3. Is this dividend part of an ongoing program?
Yes, the quarterly cash dividend is part of a cash dividend program approved by the Company's board of directors.
4. What services does Covenant Logistics Group provide?
Covenant Logistics Group offers a variety of transportation and logistics services, including asset-based expedited and dedicated truckload capacity, warehousing, transportation management, and freight brokerage.
5. How can I contact Covenant Logistics Group for more information?
For inquiries, you can contact Paul Bunn, President at PBunn@covenantlogistics.com, or Tripp Grant, CFO at TGrant@covenantlogistics.com, as well as Brooke McKenzie, Executive Administrative Assistant at BMcKenzie@covenantlogistics.com.
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