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

Universal Logistics Holdings, Inc. (NASDAQ:ULH) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Monday, June 3rd will be given a dividend of 0.105 per share by the transportation company on Monday, July 1st. This represents a $0.42 annualized dividend and a yield of 0.92%. The ex-dividend date is Monday, June 3rd.

Universal Logistics has increased its dividend by an average of 10.1% annually over the last three years.

Universal Logistics Trading Up 39.4 %

Shares of NASDAQ:ULH traded up $12.95 during trading on Friday, reaching $45.84. 484,218 shares of the stock were exchanged, compared to its average volume of 35,873. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.39. Universal Logistics has a 12-month low of $20.85 and a 12-month high of $48.63. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 10.01 and a beta of 1.08. The firm’s 50-day moving average price is $34.70 and its 200 day moving average price is $29.58.

Universal Logistics (NASDAQ:ULH) last issued its earnings results on Thursday, February 15th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. The business had revenue of $390.92 million during the quarter, compared to analysts’ expectations of $377.30 million. Universal Logistics had a return on equity of 23.60% and a net margin of 7.02%. On average, sell-side analysts anticipate that Universal Logistics will post 3.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ULH shares. Stifel Nicolaus raised Universal Logistics from a “hold” rating to a “buy” rating and upped their price target for the company from $35.00 to $36.00 in a research report on Wednesday, January 10th. StockNews.com raised Universal Logistics from a “hold” rating to a “buy” rating in a research report on Friday.

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.