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

Universal Logistics Holdings, Inc. (NASDAQ:ULH – Get Free Report) announced a quarterly dividend on Friday, July 31st. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.105 per share by the transportation company on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, September 1st.

Universal Logistics has increased 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. 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%.

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Universal Logistics Trading Up 3.1%

Shares of ULH stock opened at $19.52 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $514.70 million, a price-to-earnings ratio of -10.61 and a beta of 0.69. Universal Logistics has a 52-week low of $11.73 and a 52-week high of $27.24. The company has a 50-day simple moving average of $16.50 and a two-hundred day simple moving average of $17.30.

Universal Logistics (NASDAQ:ULH – Get Free Report) last posted its earnings results on Friday, July 31st. The transportation company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Universal Logistics had a negative net margin of 3.16% and a positive return on equity of 1.99%. The firm had revenue of $379.32 million for the quarter, compared to analysts’ expectations of $380.40 million. Research analysts anticipate that Universal Logistics will post 0.5 EPS for the current fiscal year.

About Universal Logistics

(Get Free Report)

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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