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

Universal Logistics Holdings, Inc. (NASDAQ:ULH) announced a quarterly dividend on Thursday, October 24th,Zacks Dividends reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.105 per share by the transportation company on Thursday, January 2nd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Monday, December 2nd.

Universal Logistics has raised its dividend payment by an average of 26.0% annually over the last three years. Universal Logistics has a payout ratio of 9.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Universal Logistics to earn $4.63 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 9.1%.

Universal Logistics Stock Up 1.7 %

ULH stock opened at $52.11 on Friday. Universal Logistics has a 52 week low of $24.40 and a 52 week high of $53.29. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 10.46 and a beta of 0.84. The firm’s 50-day moving average is $45.79 and its two-hundred day moving average is $43.16. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75.

Analyst Ratings Changes

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

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.