Covenant Logistics Group Announces Two-For-One Stock Split
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Covenant Logistics Group, Inc. (NYSE: CVLG) announced a two-for-one stock split for its Class A and Class B common stock, effective as a stock dividend for holders of record on December 20, 2024. This move aims to make the stock more accessible to investors and employees.
December 06, 2024 | 9:30 pm
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Covenant Logistics Group has declared a two-for-one stock split to make its shares more accessible. This could potentially increase liquidity and attract more investors.
The two-for-one stock split will double the number of shares outstanding, potentially increasing liquidity and making the stock more attractive to a broader range of investors. This is generally perceived positively by the market, as it can lead to increased demand and a potential rise in stock price.
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