Covenant Logistics Group's (CVLG) board declared a 2-for-1 split of class A and B common stock.
The split will be implemented through a stock dividend to shareholders of record on Dec. 20, the company said Friday in a statement.
The shares will likely be distributed after close of trading on Dec. 31, and they will start trading on a split-adjusted basis on Jan. 2, Covenant said.
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