Universal Logistics Holdings, Inc. (ULH) To Go Ex-Dividend on June 1st

Universal Logistics Holdings, Inc. (NASDAQ:ULH) declared a quarterly dividend on Friday, May 1st. Stockholders 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) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, June 1st.

Universal Logistics has raised its dividend 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 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 Stock Performance

Shares of NASDAQ ULH opened at $15.91 on Friday. The stock’s 50-day moving average is $18.82 and its 200 day moving average is $17.04. The stock has a market cap of $419.55 million, a price-to-earnings ratio of -6.34 and a beta of 0.79. Universal Logistics has a 1-year low of $11.73 and a 1-year high of $30.76. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.18.

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