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

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

Universal Logistics has increased its dividend payment by an average of 26.0% annually over the last three years. Universal Logistics has a payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. 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 4.4 %

ULH opened at $43.08 on Friday. The company has a fifty day moving average of $42.05 and a two-hundred day moving average of $37.61. Universal Logistics has a fifty-two week low of $20.85 and a fifty-two week high of $50.52. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 9.41 and a beta of 0.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.22.

Universal Logistics (NASDAQ:ULH) last announced its earnings results on Thursday, April 25th. The transportation company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $1.26. The business had revenue of $491.91 million for the quarter, compared to analyst estimates of $416.50 million. Universal Logistics had a net margin of 7.23% and a return on equity of 23.55%. On average, research analysts expect that Universal Logistics will post 5.35 earnings per share for the current year.

Analyst Ratings Changes

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

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.