Published on 25 Feb 2024 on Simply Wall St. via Yahoo Finance

Be Sure To Check Out Universal Logistics Holdings, Inc. (NASDAQ:ULH) Before It Goes Ex-Dividend

Universal Logistics Holdings, Inc. (NASDAQ:ULH) is about to trade ex-dividend in the next 4 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Therefore, if you purchase Universal Logistics Holdings' shares on or after the 1st of March, you won't be eligible to receive the dividend, when it is paid on the 1st of April.

The company's next dividend payment will be US$0.105 per share, and in the last 12 months, the company paid a total of US$0.42 per share. Based on the last year's worth of payments, Universal Logistics Holdings has a trailing yield of 1.3% on the current stock price of US$33.35. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether Universal Logistics Holdings can afford its dividend, and if the dividend could grow.

View our latest analysis for Universal Logistics Holdings