Universal Truckload Services board approves special one-time cash dividend of US$1/share, payable Sept. 26
September 7, 2011
– Universal Truckload Services, Inc. (NASDAQ:UACL - News) today announced its Board of Directors has approved a special one-time cash dividend of $1.00 per share. The dividend is payable on September 26, 2011 to stockholders of record at the close of business on September 16, 2011. A total of approximately $15.6 million will be paid on the Company's 15.6 million outstanding shares of common stock as a result of the special dividend.
Universal Truckload Services, Inc. is primarily an asset light provider of transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec. The Company's trucking services include both flatbed and dry van operations and the Company provides rail-truck and steamship-truck intermodal support services. The Company also offers truck brokerage services, which allow us to supplement our capacity and provide our customers with transportation of freight not handled by our owner-operators, and full service international freight forwarding and customs house brokerage services.