Trailing Dividend / Share
$0.29
Covenant Logistics Group, Inc. (CVLG) Dividend History
Income profile from 2022 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
0.7%
Payout Ratio
98.9%
At Risk
Dividend Streak
1 years
CVLG Dividend Income Check
Safety
98.9% payout ratio with at risk safety profile.
Consistency
1 straight years of dividend increases.
Income Trend
Yield on cost is 3.9% and trend is unknown.
CVLG Dividend Scorecard
Yield & Income
Dividend Yield0.7%
Trailing DPS$0.29
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout98.9%
Earnings SafetyAt Risk
FCF Payout6.3%
FCF SafetyWell Covered
Piotroski F-Score4/9
Growth
Growth Streak1 years
3Y CAGR25.1%
5Y CAGRN/A
Yield on Cost (5Y)3.9%
YOC Trendunknown
Total Returns
Buyback Yield3.4%
Total Shareholder Yield4.1%
1Y Total Return87.9%
5Y Total Return333.1%
Div Contribution (5Y)10.0%
Estimated $10K growth (return + dividends):
5Y ago$43,30810Y ago$37,61520Y ago$61,111
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). CVLG's recent 5Y regime has been stronger than its full 10Y period, so 5Y can appear higher than 10Y.
CVLG Income Growth Story
Dividend per share and yield on cost over time (5 years of payments)
CVLG Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
Covenant Logistics Group, Inc. distributes 98.9% of earnings as dividends (At Risk). When measured against free cash flow—a stricter test—the payout ratio stands at 6.3%, rated "Well Covered".
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
CVLG has raised its dividend for 1 consecutive year, with a 3-year CAGR of 25.1%.
Total Shareholder Returns
Beyond cash dividends, CVLG returns capital through share repurchases. The combined picture: 0.7% dividend yield, 3.4% buyback yield, 4.1% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 3.9% and is currently unknown. The 5-year total return is 333.1%, with dividends contributing 10.0% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $37,615 today.
Elevated payout ratio — dividend sustainability should be monitored closely.
CVLG Recent Dividend Payments
Last 18 payments · Semi-Annual
TTM Total$1.00
Avg/Payment$0.0557
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 5, 2026Latest | $0.0700 | — | 64.34% | Jun 26, 2026 |
| Mar 6, 2026 | $0.0700 | — | 1.06% | Mar 27, 2026 |
| Dec 5, 2025 | $0.0700 | — | 1.29% | Dec 26, 2025 |
| Sep 5, 2025 | $0.0700 | — | 1.11% | Sep 26, 2025 |
| Jun 6, 2025 | $0.0700 | — | 1.10% | Jun 27, 2025 |
| Mar 7, 2025 | $0.0700 | ↑ +27.3% | 95.03% | Mar 28, 2025 |
| Dec 6, 2024 | $0.0550 | — | 77.38% | Dec 27, 2024 |
| Sep 6, 2024 | $0.0550 | — | 1.09% | Sep 27, 2024 |
CVLG Dividend vs Peers
Comparable companies in the same industry
#5 yield in peer group
Div Yield
0.7%
#5 of 8
Safety
At Risk
98.9% payout
Streak
1Y
— 5Y CAGR
Total Shareholder
4.1%
#1 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| CVLGCovenant Logistics G… | $1.1B | 0.7% | 98.9% | 1 | At Risk |
1st  WERNWerner Enterprises, … | $2.4B | 1.4% | — | 1 | Unknown |
 HTLDHeartland Express, I… | $1.1B | 0.6% | — | 0 | Unknown |
2nd  MRTNMarten Transport, Lt… | $1.4B | 1.1% | 84.1% | 0 | Watch |
3rd  SNDRSchneider National, … | $6.3B | 1.1% | 64.7% | 0 | Watch |
 KNXKnight-Swift Transpo… | $12.0B | 1.0% | 1.8% | 6 | Sustainable |
 JBHTJ.B. Hunt Transport … | $25.7B | 0.6% | — | 12 | Unknown |
 ODFLOld Dominion Freight… | $46.1B | 0.5% | 23.0% | 9 | Sustainable |
CVLG Annual Dividend History (1994–2026)
33 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.14 | — | 2 | — | — | — | 1.9% |
| 2025 | $0.28 | 27.3% | 4 | $0.27 | 103.7% | 0.96x | 3.9% |
| 2024 | $0.22 | 0.0% | 4 | $1.30 | 16.9% | 5.91x | 3.1% |
| 2023 | $0.22 | 53.8% | 4 | $2.00 | 11.0% | 9.09x | 3.1% |
| 2022 | $0.14 | — | 4 | $3.50 | 4.1% | 24.48x | 2.0% |
| 2021 | $0.00 | — | 0 | $1.81 | — | — | — |
| 2020 | $0.00 | — | 0 | $-0.81 | — | — | — |
| 2019 | $0.00 | — | 0 | $0.45 | — | — | — |
| 2018 | $0.00 | — | 0 | $2.30 | — | — | — |
| 2017 | $0.00 | — | 0 | $3.02 | — | — | — |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
4+ years return with dividends reinvested.
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DCA Calculator
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Peer Comparison
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CVLG — Frequently Asked Questions
Quick answers to the most common questions about buying CVLG stock.
How much dividend does CVLG pay per share?
Covenant Logistics Group, Inc. (CVLG) pays a trailing 12-month dividend of $0.29 per share, with a current dividend yield of +0.7%. Payments are made Semi-Annual.
When is CVLG's next ex-dividend date?
CVLG's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. CVLG typically pays dividends Semi-Annual.
Is CVLG's dividend safe?
CVLG's dividend safety is rated "At Risk" based on an earnings payout ratio of +98.9% and FCF payout ratio of +6.3%. The 1-year growth streak provides moderate confidence.
How many years has CVLG increased its dividend?
CVLG has 1 consecutive years of dividend growth. The 5-year dividend CAGR is N/A.
How often does CVLG pay dividends?
Covenant Logistics Group, Inc. pays dividends Semi-Annual. The trailing 12-month total is $0.29 per share. Dividend data on this page covers 4+ years from 2022 to 2026.
How much would $10,000 invested in CVLG grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in CVLG five years ago would be worth approximately $43,308 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is CVLG's yield on cost for long-term holders?
CVLG's yield on cost — the current dividend divided by the original purchase price — is +3.9% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +0.7% market yield, thanks to the lower original cost basis.