Covenant Logistics Group, Inc. Dividends
The next dividend date for Covenant Logistics Group, Inc. has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Covenant Logistics Group, Inc. (CVLG)
More About Covenant Logistics Group, Inc.
Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers, as well as shuttle and switching services related to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.
Owning Covenant Logistics Group, Inc. Stock on the Dividend Date
If you own Covenant Logistics Group, Inc. stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Covenant Logistics Group, Inc. stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Covenant Logistics Group, Inc. stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Covenant Logistics Group, Inc. stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Covenant Logistics Group, Inc. dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Covenant Logistics Group, Inc. Dividends
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