Werner Enterprises Announces Quarterly Dividend and New Stock Repurchase Authorization
November 12 2021 - 9:20AM
Werner Enterprises, Inc. (NASDAQ: WERN), a premier
transportation and logistics provider, is pleased to announce the
following actions approved by its Board of Directors (the “Board”)
on November 9, 2021.
Quarterly Dividends
The Board declared a regular quarterly cash
dividend of $0.12 (twelve cents) per common share payable to
shareholders of record at the close of business on January 3, 2022.
This dividend will be paid on January 18, 2022.
Werner Enterprises has paid a quarterly cash
dividend to its stockholders every quarter since July 1987.
Stock Repurchase Program
The Board approved a new stock repurchase
program under which Werner is authorized to repurchase up to 6
million shares of its common stock. Upon approval of the new
program, the Board withdrew the previous stock repurchase
authorization, which had approximately 1.5 million shares remaining
available for repurchase. Werner may repurchase stock from time to
time depending on market, economic and other factors. The new
authorization will continue in the future, unless withdrawn by the
Board.
About Werner Enterprises
Werner Enterprises, Inc. (NASDAQ: WERN) delivers
superior truckload transportation and logistics services to
customers across the United States, Mexico and Canada. With 2020
revenues of $2.4 billion, an industry-leading modern truck and
trailer fleet, over 13,000 talented associates and our innovative
Werner Edge technology, we are an essential solutions provider for
customers who value the integrity of their supply chain and require
safe and exceptional on-time service. Werner provides Dedicated and
One-Way Truckload services as well as Logistics services that
include truckload brokerage, freight management, intermodal and
final mile. As an industry leader, Werner is deeply committed to
promoting sustainability and supporting diversity, equity and
inclusion.
Contact: |
John J. Steele |
|
Executive Vice President,
Treasurer |
|
and Chief Financial Officer |
|
(402) 894-3036 |
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