Universal Logistics Holdings, Inc. (NASDAQ:ULH) Announces $0.11 Quarterly Dividend

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 paid a dividend of 0.105 per share by the transportation company on Thursday, January 2nd. This represents a $0.42 annualized dividend and a yield of 1.09%. The ex-dividend date is Monday, December 2nd.

Universal Logistics has raised its dividend payment by an average of 26.0% per year over the last three years. Universal Logistics has a dividend payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 10.9 %

ULH stock traded down $4.74 during trading on Friday, reaching $38.68. The stock had a trading volume of 75,368 shares, compared to its average volume of 38,423. Universal Logistics has a one year low of $20.85 and a one year high of $50.52. The company’s 50 day moving average is $42.48 and its two-hundred day moving average is $41.65. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 8.45 and a beta of 0.83.

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

Analyst Ratings Changes

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

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.