Universal Logistics Holdings, Inc. (ULH) to Issue Quarterly Dividend of $0.11 on October 1st

Universal Logistics Holdings, Inc. (NASDAQ:ULH) announced a quarterly dividend on Thursday, July 25th, Zacks reports. Shareholders of record on Monday, September 2nd will be paid a dividend of 0.105 per share by the transportation company on Tuesday, October 1st. This represents a $0.42 annualized dividend and a yield of 0.97%. The ex-dividend date is Friday, August 30th.

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. 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 Trading Down 4.4 %

Shares of NASDAQ:ULH opened at $43.08 on Friday. The company’s 50-day moving average price is $42.05 and its two-hundred day moving average price is $37.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.22 and a quick ratio of 1.22. Universal Logistics has a one year low of $20.85 and a one year high of $50.52. The stock has a market capitalization of $1.13 billion, a PE ratio of 9.41 and a beta of 0.82.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings results on Thursday, April 25th. The transportation company reported $1.99 EPS for the quarter, topping the consensus estimate of $0.73 by $1.26. Universal Logistics had a net margin of 7.23% and a return on equity of 23.55%. The firm had revenue of $491.91 million for the quarter, compared to analysts’ expectations of $416.50 million. On average, equities analysts forecast that Universal Logistics will post 5.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ULH. StockNews.com raised shares of Universal Logistics from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $46.00 target price (up from $36.00) on shares of Universal Logistics in a report on Monday, April 29th.

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.