Universal Logistics Holdings, Inc. (NASDAQ:ULH – Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Monday, June 3rd will be given a dividend of 0.105 per share by the transportation company on Monday, July 1st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Monday, June 3rd.
Universal Logistics has increased its dividend payment by an average of 10.1% annually over the last three years.
Universal Logistics Stock Up 39.4 %
Universal Logistics stock opened at $45.84 on Friday. The company has a market capitalization of $1.21 billion, a P/E ratio of 10.01 and a beta of 1.08. The firm’s fifty day simple moving average is $34.70 and its 200-day simple moving average is $29.58. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58. Universal Logistics has a 1-year low of $20.85 and a 1-year high of $48.63.
Analysts Set New Price Targets
ULH has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Universal Logistics from a “hold” rating to a “buy” rating in a research note on Friday. Stifel Nicolaus upgraded shares of Universal Logistics from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $36.00 in a research note on Wednesday, January 10th.
Read Our Latest Research Report on Universal Logistics
About Universal Logistics
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.
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