Universal Logistics Holdings, Inc. (NASDAQ:ULH) Shares Set to Pay Quarterly Dividend of $0.10

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

Universal Logistics has raised its dividend payment 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 Stock Up 2.2%

Shares of Universal Logistics stock opened at $17.42 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.06. The firm has a market cap of $459.33 million, a P/E ratio of -9.47 and a beta of 0.74. Universal Logistics has a fifty-two week low of $11.73 and a fifty-two week high of $25.80. The business has a 50-day moving average price of $17.72 and a 200 day moving average price of $17.35.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings data on Thursday, October 29th. The transportation company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.37. The firm had revenue of $394.05 million for the quarter, compared to analyst estimates of $390.00 million. Universal Logistics had a negative net margin of 3.16% and a positive return on equity of 1.99%. On average, sell-side analysts forecast that Universal Logistics will post 0.50 earnings per share for the current fiscal year.

About Universal Logistics

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.