Covenant Logistics Group Announces Quarterly Cash Dividend
2024年8月20日 - 5:05AM
Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the
“Company”) announced today that its board of directors has declared
a quarterly cash dividend of $0.11 per share of Class A and Class B
common stock. The quarterly cash dividend is payable to
stockholders of record on September 6, 2024, and is expected to be
paid on September 27, 2024.
The quarterly cash dividend is pursuant to a
cash dividend program previously approved by the Company’s board of
directors. The actual declaration of future cash dividends, and the
establishment of record and payment dates is subject to final
determination by the board of directors each quarter.
About CovenantCovenant
Logistics Group, Inc., through its subsidiaries, offers a portfolio
of transportation and logistics services to customers throughout
the United States. Primary services include asset- based expedited
and dedicated truckload capacity, as well as asset-light
warehousing, transportation management, and freight brokerage
capability. In addition, Transport Enterprise Leasing is an
affiliated company providing revenue equipment sales and leasing
services to the trucking industry. Covenant's Class A common stock
is traded on the New York Stock Exchange under the symbol,
“CVLG.”
This press release contains certain statements
that may be considered forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and such statements are subject to the safe harbor created by those
sections and the Private Securities Litigation Reform Act of 1995,
as amended. All statements, other than statements of historical or
current fact, are statements that could be deemed forward-looking
statements, including, without limitation, statements relating to
our declaration of quarterly dividends. Forward-looking statements
are based on the current beliefs, assumptions, and expectations of
management and current market conditions. Forward-looking
statements are inherently subject to risks and uncertainties, some
of which cannot be predicted or quantified, which could cause
future events and actual results to differ materially from those
set forth in, contemplated by, or underlying the forward-looking
statements. There can be no assurance that future dividends will be
declared. The declaration of future dividends is subject to
approval of our board of directors and various risks and
uncertainties, including, but not limited to: our cash flow and
cash needs; compliance with applicable law; restrictions on the
payment of dividends under existing or future financing
arrangements; changes in tax laws relating to corporate dividends;
deterioration in our financial condition or results, and those
risks, uncertainties, and other factors identified from
time-to-time in our filings with the Securities and Exchange
Commission. Readers should review and consider the factors that may
affect future results and other disclosures in the Risk Factors
section of Covenant Logistics Group, Inc.'s Annual Report on Form
10-K for the year ended December 31, 2023 and various disclosures
in our press releases, stockholder reports, and other filings with
the Securities and Exchange Commission. We expressly disclaim any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein.
For further information contact:
Paul Bunn,
PresidentPBunn@covenantlogistics.com
Tripp Grant, Chief Financial
OfficerTGrant@covenantlogistics.com
For copies of Company information contact:
Brooke McKenzie, Executive Administrative
AssistantBMcKenzie@covenantlogistics.com
Covenant Logistics (NYSE:CVLG)
過去 株価チャート
から 7 2024 まで 8 2024
Covenant Logistics (NYSE:CVLG)
過去 株価チャート
から 8 2023 まで 8 2024