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

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

Universal Logistics has raised its dividend by an average of 10.1% per year over the last three years.

Universal Logistics Stock Performance

Shares of ULH stock opened at $45.84 on Friday. The company’s fifty day simple moving average is $34.70 and its 200-day simple moving average is $29.58. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.58. The firm has a market cap of $1.21 billion, a PE ratio of 10.01 and a beta of 1.08. Universal Logistics has a 12 month low of $20.85 and a 12 month high of $48.63.

Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings data on Thursday, February 15th. The transportation company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. The business had revenue of $390.92 million for the quarter, compared to analyst estimates of $377.30 million. Universal Logistics had a net margin of 7.02% and a return on equity of 23.60%. Equities research analysts expect that Universal Logistics will post 3.65 EPS for the current fiscal year.

Analyst Ratings Changes

ULH has been the topic of several analyst reports. Stifel Nicolaus raised shares of Universal Logistics from a “hold” rating to a “buy” rating and upped their price target for the stock from $35.00 to $36.00 in a research report on Wednesday, January 10th. StockNews.com raised shares of 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.