SmarterDividends
CVLG

Covenant Logistics Group, Inc.

CVLG

Industrials · Trucking · Stock · quarterly payer

$30.72

Overvalued · -51% Add to Portfolio

Forward Yield

0.91%

Annual Dividend

$0.28

Payout Ratio

2800%

5-Yr Growth

—

Ex-Date

Sep 4, 2026

Frequency

Quarterly

Key facts about CVLG's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Covenant Logistics Group, Inc. (CVLG) has a forward dividend yield of 0.91%, based on an annual dividend of $0.28 per share and a share price of $30.72.
  • As of Oct 18, 2026, CVLG's dividend safety grade from SmarterDividends is B (68 out of 100), which rates the dividend as safe.
  • CVLG has never cut its regular dividend in the payment history SmarterDividends has on record.
  • CVLG's most recent ex-dividend date was Sep 4, 2026, for a dividend of $0.0700 per share.
  • As of Oct 18, 2026, CVLG's 0.91% yield is 13% below its five-year average yield of 1.04%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for CVLG is $15.15 per share, 51% below the $30.72 share price, so CVLG screens as overvalued.
  • Covenant Logistics Group, Inc. (CVLG) pays its dividend quarterly, 4 times a year.
  • Covenant Logistics Group, Inc. (CVLG) has raised its regular dividend 3 times and cut it 0 times across the 19 payments on record since 2022. Its most recent change was a 27.3% increase to $0.0700 per share, going ex-dividend on Mar 7, 2025.
Cite this page

SmarterDividends, "CVLG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/CVLG

Summary

As of Oct 18, 2026, Covenant Logistics Group, Inc. (CVLG) yields 0.91% ($0.28 a year per share) and has a dividend safety grade of B (68/100).

Is CVLG a good dividend stock?

Yes, with caveats

Covenant Logistics Group, Inc. (CVLG) pays a quarterly dividend yielding 0.91% ($0.28/yr), with 1 year of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Never cut its dividend on record
  • 145% total price return over 5 years

Risks

  • Elevated payout ratio (2800%)

Key Data

Dividend Yield
0.91%
Payout Ratio
2800%
Annual Dividend
$0.28
5-Yr Avg Growth
—
Ex-Dividend Date
Sep 4, 2026
Years of Growth
1
Frequency
quarterly
Beta
1.40
Market Cap
$779.6M
P/E Ratio
3072.0
5-Yr Total Return
145%
52-Week Range
$18.00 – $49.88
Dividend Safety
B · 68/100
Ever Cut?
No

CVLG dividend raises and cuts

Covenant Logistics Group, Inc. (CVLG) has raised its regular dividend 3 times and cut it 0 times across the 19 payments on record since 2022. Its most recent change was a 27.3% increase to $0.0700 per share, going ex-dividend on Mar 7, 2025.

Ex-dateChangeOld → newMove
Mar 7, 2025Raise$0.0550 → $0.0700+27.3%
Mar 2, 2023Raise$0.0400 → $0.0550+37.5%
Sep 1, 2022Raise$0.0315 → $0.0400+27.0%
Every CVLG payment →Download every raise and cut (CSV)
CVLG ex-dividend date & scheduleNext ex-date Sep 4, 2026 · full ex-dividend historyView →CVLG dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is CVLG a good dividend stock?

Yes, with caveats. Covenant Logistics Group, Inc. (CVLG) pays a quarterly dividend yielding 0.91% ($0.28/yr), with 1 year of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is CVLG undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CVLG's fair value is about $15.15 versus a $30.72 share price — so it looks overvalued (-51% vs. fair value).

Is CVLG's dividend safe?

CVLG has a dividend-safety grade of B (68/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is CVLG's fair value?

Our blended fair-value estimate for CVLG is about $15.15 per share, about 51% below the current $30.72 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is CVLG a buy, hold, or sell?

We don't issue formal ratings, but on the data CVLG screens as "yes, with caveats" and overvalued. Covenant Logistics Group, Inc. (CVLG) pays a quarterly dividend yielding 0.91% ($0.28/yr), with 1 year of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will CVLG cut its dividend?

CVLG earns a dividend-safety grade of B (68/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does CVLG pay a dividend?

Yes. Covenant Logistics Group, Inc. pays a quarterly dividend of about $0.28 per share annually, a forward yield of roughly 0.91%.

What is CVLG's dividend yield?

As of Oct 18, 2026, CVLG's forward dividend yield is 0.91%, based on a $0.28 annual dividend and a $30.72 share price.

What is CVLG's dividend per share?

As of Oct 18, 2026, CVLG pays $0.28 per share per year, distributed on a quarterly basis.

What is CVLG's dividend payout ratio?

As of Oct 18, 2026, CVLG's payout ratio is 2800% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has CVLG grown its dividend?

As of Oct 18, 2026, CVLG has increased its dividend for 1 consecutive years.

When is the next CVLG ex-dividend date?

As of Oct 18, 2026, CVLG's next ex-dividend date hasn't been announced. The most recent was Sep 4, 2026, for $0.0700 per share.

Income Calculator

At $0.28 / yr per share

Per payment (quarterly)$7.00
Annual$28.00
Monthly avg$2.33

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