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
0.9%
Payout Ratio
98.9%
At Risk
Dividend Streak
4 years
CVLG Dividend Income Check
Safety
98.9% payout ratio with at risk safety profile.
Consistency
4 straight years of dividend increases.
Income Trend
Yield on cost is 3.9% and trend is unknown.
CVLG Dividend Scorecard
Yield & Income
Dividend Yield0.9%
Trailing DPS$0.29
FrequencyAnnual
Payments / 12M4
Payout Safety
Earnings Payout98.9%
Earnings SafetyAt Risk
FCF Payout6.3%
FCF SafetyWell Covered
Piotroski F-Score4/9
Growth
Growth Streak4 years
3Y CAGR25.1%
5Y CAGRN/A
Yield on Cost (5Y)3.9%
YOC Trendunknown
Total Returns
Buyback Yield4.4%
Total Shareholder Yield5.3%
1Y Total Return64.0%
5Y Total Return192.6%
Div Contribution (5Y)8.0%
Estimated $10K growth (return + dividends):
5Y ago$29,26110Y ago$33,44920Y ago$46,482
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
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
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 4 consecutive years, with a 3-year CAGR of 25.1%.
Total Shareholder Returns
Beyond cash dividends, CVLG returns capital through share repurchases. The combined picture: 0.9% dividend yield, 4.4% buyback yield, 5.3% 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 192.6%, with dividends contributing 8.0% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $33,449 today.
Elevated payout ratio — dividend sustainability should be monitored closely.
CVLG Recent Dividend Payments
Last 17 payments · Annual
TTM Total$0.93
Avg/Payment$0.0549
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Mar 6, 2026Latest | $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 |
| Jun 7, 2024 | $0.0550 | — | 92.03% | Jun 28, 2024 |
CVLG Dividend vs Peers
Comparable companies in the same industry
#5 yield in peer group
Div Yield
0.9%
#5 of 8
Safety
At Risk
98.9% payout
Streak
4Y
— 5Y CAGR
Total Shareholder
5.3%
#1 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| CVLGCovenant Logistics G… | $833M | 0.9% | 98.9% | 4 | At Risk |
1st  WERNWerner Enterprises, … | $2.2B | 1.5% | — | 5 | Unknown |
 HTLDHeartland Express, I… | $1.0B | 0.6% | — | 1 | Unknown |
3rd  MRTNMarten Transport, Lt… | $1.2B | 1.2% | 84.1% | 0 | Watch |
2nd  SNDRSchneider National, … | $5.4B | 1.2% | 64.7% | 4 | Watch |
 KNXKnight-Swift Transpo… | $10.3B | 1.1% | 1.8% | 8 | Sustainable |
 JBHTJ.B. Hunt Transport … | $22.9B | 0.7% | — | 12 | Unknown |
 ODFLOld Dominion Freight… | $41.3B | 0.6% | 23.0% | 10 | Sustainable |
CVLG Annual Dividend History (1994–2026)
33 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.07 | — | 1 | — | — | — | 1.0% |
| 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 | — | — | — |
See CVLG's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonCVLG — 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 +0.9%. Payments are made 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 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 4-year growth streak provides moderate confidence.
Is CVLG a Dividend Payer?
Yes, Covenant Logistics Group, Inc. is classified as a Dividend Payer with 4 consecutive years of dividend increases. The 5-year dividend CAGR is N/A, demonstrating modest dividend growth.
How often does CVLG pay dividends?
Covenant Logistics Group, Inc. pays dividends 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 $29,261 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 +0.9% market yield, thanks to the lower original cost basis.