CVLG Dividend History & Analysis | 1.2% Yield

CVLG has a dividend yield of 1.2% and paid 0.35 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 1.19%
Payout Ratio 19.2%
Growth Rate CAGR 5y 25.3%
Consistency Lifetime 99%
Yield on Cost 5y 3.2%
Payout FCF 5%
Streak Years 3
Dividend Rating 69.2%
Ex-Dividend in 5 days: Buy before Jun 5, 2026 to receive the next dividend.
Dividends Cash Amount per Share Yearly This chart shows the yearly cash amount paid as dividends per share.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis) and average yield as orange dashed line.
■ Payout Yield (right) ■ Price (left) ┅┅ Avg Payout Yield

Top Dividend Payers in Cargo Ground Transportation

Top 5 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
R 9,649 M 2.39% 4.89%
TFII 12,168 M 1.89% 2.06%
SNDR 5,849 M 1.56% 2.12%
KNX 11,394 M 1.53% 2.05%
ODFL 43,771 M 0.68% 1.09%
Top 5 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
ODFL 43,771 M 29.36% 97.5%
KNX 11,394 M 17.32% 90.2%
TFII 12,168 M 17.34% 92.9%
R 9,649 M 10.83% 96.9%
JBHT 24,402 M 10.51% 83.0%
Quality Dividend Peers in Cargo Ground Transportation R Ryder System
2.39% Yield TFII TFI International
1.89% Yield LSTR Landstar System
2.74% Yield JBHT JB Hunt Transport
1.28% Yield
CVLG Dividend History: Last 18 Payments (USD) as of May 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-06-05 2026-06-05 2026-06-26 0.07 0% N/A
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 May 2026, CVLG's dividend yield is 1.19%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.35 USD by the current share price of 39.70.

Does CVLG pay a dividend?

As of May 2026, CVLG paid a dividend of 0.35 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 5 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 0.80%.

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 2026-06-05.

What is the next Ex-Dividend Date for CVLG?

The next Ex-Dividend date for Covenant Logistics (CVLG) is 2026-06-05.

What is the Dividend Growth of CVLG?

CVLG's average dividend growth rate over the past 5 years is 25.3% 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 3.18%. If you bought CVLG's shares at 11.01 USD five years ago, your current annual dividend income (0.35 USD per share, trailing 12 months) equals 3.18% 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 1.19% 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 69.24%. 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: -28.9%). 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: 2026-05-24 02:16 UTC