Universal Logistics Holdings, Inc. to Issue Quarterly Dividend of $0.11 (NASDAQ:ULH)

Universal Logistics Holdings, Inc. (NASDAQ:ULH) declared a quarterly dividend on Friday, May 1st. Investors of record on Monday, June 1st will be paid a dividend of 0.105 per share by the transportation company on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Universal Logistics to earn $1.20 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 35.0%.

Universal Logistics Price Performance

Shares of ULH opened at $15.91 on Friday. The company has a market cap of $419.55 million, a P/E ratio of -6.34 and a beta of 0.79. The stock has a fifty day moving average price of $18.82 and a 200 day moving average price of $17.04. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.13 and a quick ratio of 1.13. Universal Logistics has a 12 month low of $11.73 and a 12 month high of $30.76.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings data on Friday, May 1st. The transportation company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.22). The company had revenue of $367.58 million for the quarter, compared to the consensus estimate of $372.30 million. Universal Logistics had a positive return on equity of 2.65% and a negative net margin of 4.29%. On average, research analysts forecast that Universal Logistics will post 0.55 earnings per share for the current year.

About Universal Logistics

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.