Covenant Logistics Gr's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Covenant Logistics Gr (NASDAQ:CVLG) announced a quarterly dividend of 11 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday's session will be eligible for the dividend, which will be paid on December 29, 2023. The stock is expected to open 11 cents lower on the ex-dividend date.
November 27, 2023 | 2:45 pm
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Covenant Logistics Gr will pay a quarterly dividend of 11 cents per share, with the ex-dividend date on Thursday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock price is likely to drop in the short term by the amount of the dividend as the ex-dividend date approaches, which is a common occurrence in the market. This adjustment reflects the payout of the dividend to shareholders.
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