Covenant Logistics Group Announces Quarterly Cash Dividend
CHATTANOOGA, Tenn. — Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) has declared a quarterly cash dividend of $0.11 per share for both Class A and Class B common stock. This dividend will soon be distributed to stockholders of record, reflecting the company's ongoing commitment to providing value to its investors.
This dividend is part of a cash dividend program that has received prior approval from the Company's board of directors. Future cash dividends, along with the setting of record and payment dates, will be determined by the board on a quarterly basis.
About Covenant Logistics Group
Covenant Logistics Group, Inc. offers a wide array of transportation and logistics services throughout the United States via its subsidiaries. Their core offerings include asset-based expedited and dedicated truckload capacity, ensuring timely deliveries for their clients. In addition, the company provides asset-light warehousing, transportation management, and freight brokerage services to broaden its service capabilities.
Furthermore, Transport Enterprise Leasing, an affiliated company, specializes in revenue equipment sales and leasing services specifically designed for the trucking industry, thereby enhancing Covenant's presence in the logistics field. Covenant’s Class A common stock is actively traded on the New York Stock Exchange under the symbol “CVLG,” underscoring its strong position in the logistics and transportation sector.
Company Contact Information
For more details regarding the dividend announcement or any other business inquiries, interested individuals can reach out to:
Paul Bunn, President
PBunn@covenantlogistics.com
Tripp Grant, Chief Financial Officer
TGrant@covenantlogistics.com
For general company information, please contact:
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.
