CVLG Dividend History & Analysis | 1% Yield

CVLG has a dividend yield of 1% and paid 0.28 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 1.03%
Payout Ratio 19.2%
Growth Rate CAGR 5y 17.5%
Consistency Lifetime 99%
Yield on Cost 5y 3.1%
Payout FCF 5%
Streak Years 4
Dividend Rating 68.2%
Chowder Number yield + growth 18.5% meets 15% target for healthy growth
Yield vs Average 5y +3.8% avg 0.99% vs now 1.03%
Debt / EBITDA leverage 2.9x healthy
Income per 10k invested 103 USD per year
Dividends Cash Amount per Share Yearly CVLG annual dividends paid per share, showing the total cash Covenant Logistics distributed to shareholders each year.
Dividend Growth Year over Year CVLG year-over-year dividend growth rate, showing how Covenant Logistics's dividend per share increased or decreased each year compared to the prior year.
Price and Yield per Payout History CVLG dividend yield history versus share price over the past 5 years, showing how Covenant Logistics's payout yield moved at each dividend payment relative to its stock price.
┅┅ Payout Yield (right) Price (left)

Top Dividend Payers in Cargo Ground Transportation

Top 10 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
R NYSE
Ryder System
10,517 M 1.87% 5.98%
LSTR NASDAQ
Landstar System
7,178 M 2.46% 2.62%
TFII NYSE
TFI International
12,807 M 1.73% 2.08%
MRTN NASDAQ
Marten Transport
1,451 M 1.87% 1.75%
CVLG NYSE
Covenant Logistics
1,213 M 1.03% 3.13%
SNDR NYSE
Schneider National
6,688 M 1.41% 2.03%
WERN NASDAQ
Werner Enterprises
2,760 M 1.73% 1.37%
KNX NYSE
Knight Transportation
12,460 M 1.36% 1.70%
JBHT NASDAQ
JB Hunt Transport
28,021 M 0.96% 1.17%
ODFL NASDAQ
Old Dominion Freight Line
49,320 M 0.64% 0.93%
Top 10 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
ODFL NASDAQ
Old Dominion Freight Line
49,320 M 23.40% 100.0%
CVLG NYSE
Covenant Logistics
1,213 M 17.47% 99.0%
TFII NYSE
TFI International
12,807 M 15.79% 100.0%
KNX NYSE
Knight Transportation
12,460 M 14.49% 100.0%
R NYSE
Ryder System
10,517 M 12.68% 100.0%
LSTR NASDAQ
Landstar System
7,178 M 11.87% 91.7%
SNDR NYSE
Schneider National
6,688 M 6.22% 99.2%
JBHT NASDAQ
JB Hunt Transport
28,021 M 4.46% 100.0%
WERN NASDAQ
Werner Enterprises
2,760 M 3.13% 96.1%
ARCB NASDAQ
ArcBest
3,558 M 4.10% 98.3%

CVLG Dividend History

Dividend Monthly Return EX date, 4.3 years of data

Jan - -
Feb 0.06% 22
Mar 0.23% 80
Apr - -
May - -
Jun 0.25% 100
Jul - -
Aug 0.06% 22
Sep 0.20% 67
Oct - -
Nov 0.07% 22
Dec 0.18% 67

Average monthly dividend return by ex-dividend date. The score below shows reliability based on how consistently dividends were paid in that month.

Last 18 Payments (USD) as of July 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-06-05 2026-06-05 2026-06-26 Quarterly 0.07 0% 0.16%
2026-03-06 2026-03-06 2026-03-27 Quarterly 0.07 0% 0.25%
2025-12-05 2025-12-05 2025-12-26 Quarterly 0.07 0% 0.33%
2025-09-05 2025-09-05 2025-09-26 Quarterly 0.07 0% 0.29%
2025-06-06 2025-06-06 2025-06-27 Quarterly 0.07 0% 0.31%
2025-03-07 2025-03-07 2025-03-28 Quarterly 0.07 -36.4% 0.28%
2024-12-06 2024-12-06 2024-12-27 Quarterly 0.11 0% 0.19%
2024-09-06 2024-09-06 2024-09-27 Quarterly 0.11 0% 0.22%
2024-06-07 2024-06-07 2024-06-28 Quarterly 0.11 0% 0.23%
2024-02-29 2024-03-01 2024-03-29 Quarterly 0.11 0% 0.22%
2023-11-30 2023-12-01 2023-12-29 Quarterly 0.11 0% 0.26%
2023-08-31 2023-09-01 2023-09-29 Quarterly 0.11 0% 0.22%
2023-06-01 2023-06-02 2023-06-30 Quarterly 0.11 0% 0.29%
2023-03-02 2023-03-03 2023-03-31 Quarterly 0.11 +37.5% 0.32%
2022-12-01 2022-12-02 2022-12-30 Quarterly 0.08 0% 0.21%
2022-09-01 2022-09-02 2022-09-30 Quarterly 0.08 +28% 0.29%
2022-06-02 2022-06-03 2022-06-24 Quarterly 0.0625 0% 0.27%
2022-03-03 2022-03-04 2022-03-25 Quarterly 0.0625 0% 0.28%

CVLG Dividend FAQ

What is the Dividend Yield of CVLG?

As of July 2026, CVLG's dividend yield is 1.03%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.28 USD by the current share price of 47.34.

Does CVLG pay a dividend?

As of July 2026, CVLG paid a dividend of 0.28 USD in the last 12 months. The last dividend was paid on 2026-06-05 and the payout was 0.07 USD.

How often does CVLG pay dividends?

CVLG pays dividends quarterly. Over the last 12 months, CVLG has issued 4 dividend payments. The last dividend payment was made on 2026-06-05.

CVLG dividend forecast

Based on historical data, the forecasted dividends per share for CVLG for the next payments are between 0.076 (+8.6%) and 0.083 (+18.6%). This represents a strong dividend growth compared to the last payment. The expected Yield for the next 12 months is about 0.67%.

Will CVLG pay dividends in 2026?

The latest dividend paid per share was 0.07 USD with an Ex-Dividend Date of 2026-06-05. The next Ex-Dividend date for Covenant Logistics (CVLG) is currently unknown.

What is the next Ex-Dividend Date for CVLG?

The next Ex-Dividend date for Covenant Logistics (CVLG) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of CVLG?

CVLG's average dividend growth rate over the past 5 years is 17.5% per year. Strong growth: CVLG's dividend growth is outpacing inflation.

What is the Yield on Cost of CVLG?

CVLG's 5-Year Yield on Cost is 3.13%. If you bought CVLG's shares at 8.93 USD five years ago, your current annual dividend income (0.28 USD per share, trailing 12 months) equals 3.13% of your original purchase price.

What is the Payout Consistency of CVLG?

CVLG Payout Consistency is 99.0%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: Covenant Logistics has a strong track record of consistent dividend payments over its lifetime.

Does CVLG have a good Dividend Yield?

CVLG's 1.03% Dividend Yield is considered as low. This is usually a sign of a growth company.

What is the Dividend Payout Ratio of CVLG?

The Dividend Payout Ratio of CVLG is 19.2%. Very low - Often a strong indicator of potential dividend growth.

What is the Dividend Rating of CVLG?

CVLG's Overall Dividend Rating is 68.19%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

CVLG Outstanding Shares Analysis

The Chart shows the outstanding shares over time per year.
What is the Trend in CVLG's Outstanding Shares?

Covenant Logistics's outstanding shares have decreased by approximately 1.61% annually over the past 3 years (Trend Reliability: -62.0%). Slightly positive: The company is modestly reducing its share count through buybacks. This provides a small tailwind to earnings per share and dividend sustainability.

Has CVLG ever had a Stock Split?

Yes, the last stock split was on Jan 2, 2025 with a ratio of 2:1. This was a forward split: Each share became 2 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
1995 26,000,000 0%
1996 26,700,000 +2.69%
1997 26,718,000 +0.07%
1998 29,818,000 +11.6%
1999 29,824,000 +0.02%
2000 27,920,000 -6.38%
2001 92,111,100 +229.91%
2002 28,634,000 -68.91%
2003 28,922,000 +1.01%
2004 29,170,000 +0.86%
2005 27,958,000 -4.15%
2006 28,000,000 +0.15%
2007 28,052,000 +0.19%
2008 28,098,000 +0.16%
2009 28,354,000 +0.91%
2010 28,998,000 +2.27%
2011 29,438,000 +1.52%
2012 29,830,000 +1.33%
2013 30,168,000 +1.13%
2014 32,886,000 +9.01%
2015 36,410,000 +10.72%
2016 36,582,000 +0.47%
2017 36,736,000 +0.42%
2018 37,066,000 +0.9%
2019 37,362,000 +0.8%
2020 34,270,000 -8.28%
2021 33,948,000 -0.94%
2022 28,410,000 -16.31%
2023 27,420,000 -3.48%
2024 27,900,000 +1.75%
2025 25,010,000 -10.36%
2026 26,434,000 +5.69%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-07-13 02:06 UTC