Universal Logistics Holdings, Inc. (ULH) to Issue Quarterly Dividend of $0.11 on January 2nd

Universal Logistics Holdings, Inc. (NASDAQ:ULH) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.105 per share by the transportation company on Thursday, January 2nd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, December 2nd.

Universal Logistics has increased its dividend payment by an average of 26.0% per year over the last three years. Universal Logistics has a payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Universal Logistics to earn $5.10 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 8.2%.

Universal Logistics Price Performance

Shares of ULH stock traded down $4.74 on Friday, reaching $38.68. 75,368 shares of the company were exchanged, compared to its average volume of 38,423. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.26 and a current ratio of 1.26. The business has a 50-day moving average price of $42.48 and a 200 day moving average price of $41.65. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 8.45 and a beta of 0.83. Universal Logistics has a 1 year low of $20.85 and a 1 year high of $50.52.

Universal Logistics (NASDAQ:ULH) last posted its earnings results on Thursday, July 25th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.03. The company had revenue of $462.16 million during the quarter, compared to analysts’ expectations of $461.60 million. Universal Logistics had a return on equity of 22.84% and a net margin of 7.23%. During the same quarter last year, the firm earned $0.90 earnings per share. Equities research analysts forecast that Universal Logistics will post 5.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered Universal Logistics from a “buy” rating to a “hold” rating in a report on Monday, August 12th.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.