Covenant Logistics OKs 2-For-1 Stock Split

Dow Jones

2024-12-07

By Connor Hart

The board of Covenant Logistics Group has approved a 2-for-1 stock split that will go into effect in the new year.

The company, which offers a portfolio of transportation and logistics services, said Friday the split will make its stock more accessible to investors and employees.

Its stock split will apply to holders of its Class A and Class B common stocks as of the close of business on Dec. 20. Shares are expected to be distributed after the close on Dec. 31, with trading expected to commence on a split-adjusted basis at market open on Jan. 2.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

December 06, 2024 16:36 ET (21:36 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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