Universal Logistics Holdings, Inc. (ULH) To Go Ex-Dividend on June 3rd

Universal Logistics Holdings, Inc. (NASDAQ:ULH) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders 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 yield of 0.92%. The ex-dividend date of this dividend is Monday, June 3rd.

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

Universal Logistics Stock Performance

ULH traded up $12.95 during trading on Friday, reaching $45.84. The company’s stock had a trading volume of 484,218 shares, compared to its average volume of 35,873. Universal Logistics has a 52-week low of $20.85 and a 52-week high of $48.63. The company’s fifty day moving average price is $34.70 and its 200-day moving average price is $29.58. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 10.01 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.39.

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

Analyst Ratings Changes

ULH has been the subject of several research reports. StockNews.com upgraded Universal Logistics from a “hold” rating to a “buy” rating in a research report on Friday. Stifel Nicolaus upgraded Universal Logistics from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $36.00 in a research report on Wednesday, January 10th.

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.