COVENANT LOGISTICS GROUP, INC. 8-K
Research Summary
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Covenant Logistics Group Announces Quarterly Cash Dividend
What Happened
Covenant Logistics Group, Inc. filed a Form 8-K on February 10, 2026 disclosing that its Board of Directors on February 5, 2026 declared a quarterly cash dividend of $0.07 per share on both Class A and Class B common stock. The dividend is payable to stockholders of record as of March 6, 2026 and is expected to be paid on March 27, 2026.
Key Details
- Declared dividend: $0.07 per share (Class A and Class B common stock).
- Declaration date: February 5, 2026; Form 8-K filed February 10, 2026.
- Record date: March 6, 2026; expected payment date: March 27, 2026.
- Press release announcing the dividend is attached to the filing as Exhibit 99.1; dividend is part of a previously approved quarterly cash dividend program.
Why It Matters
This provides a modest cash return to shareholders and signals the company is continuing its quarterly dividend program. However, the filing notes that future dividends are not guaranteed and are subject to board approval and factors such as cash flow, financing arrangements, and other risks disclosed in the company’s SEC filings. Investors should view this as a current distribution decision rather than a commitment to future dividends.