Universal Logistics Holdings, Inc. Declares Dividend, Payable on October 2, 2023
July 27, 2023 at 04:15 pm EDT
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Universal Logistics Holdings, Inc. announced that its Board of Directors has declared a cash dividend of $0.105 per share of common stock. The dividend is payable to shareholders of record at the close of business on September 4, 2023 and is expected to be paid on October 2, 2023.
Universal Logistics Holdings, Inc. is a holding company, providing a variety of customized transportation and logistics solutions throughout the United States, and in Mexico, Canada and Colombia. Its segments include contract logistics, intermodal, trucking, and company-managed brokerage. The contract logistics segment delivers value-added and dedicated transportation services to support in-bound logistics to original equipment manufacturers and retailers on a contractual basis. The intermodal segment is associated with local and regional drayage moves that are coordinated by company-managed terminals using a mix of owner-operators, company equipment and third-party capacity providers (broker carriers). The trucking segment's operations are associated with individual freight shipments coordinated by its agents. The company-managed brokerage segment provides for the pick-up and delivery of individual freight shipments using broker carriers, coordinated by its company-managed operations.