Knight Transportation Announces Quarterly Cash Dividend
February 09 2012 - 4:52PM
Business Wire
Knight Transportation, Inc. (NYSE: KNX) announced today that its
Board of Directors has declared the company’s quarterly cash
dividend of $0.06 per share of common stock. This quarterly
dividend is pursuant to a cash dividend policy approved by the
Board of Directors. The actual declaration of future cash
dividends, and the establishment of record and payment dates, is
subject to final determination by the Board of Directors each
quarter after its review of the company’s financial
performance.
The company’s dividend is payable to shareholders of record on
March 2, 2012 and is expected to be paid on March 30, 2012.
Knight Transportation, Inc. is a provider of multiple truckload
transportation services using a nationwide network of service
centers in the U.S. that serve North America. In addition to
operating one of the country’s largest tractor fleets, Knight also
partners with third-party equipment providers to provide a broad
range of truckload solutions to its customers. As “Your Hometown
National Carrier,” Knight strives to offer customers and drivers
personal service and attention through each service center, while
offering integrated freight transportation service.
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, relating to our quarterly dividend. There can be no
assurance that future dividends will be declared. The declaration
of future dividends is also subject to approval of our Board of
Directors each quarter after its review of our financial
performance and cash needs. Declaration of future dividends is also
subject to various risks and uncertainties, including: our cash
flow and cash needs; compliance with applicable law; restriction on
the payment of dividends under existing or future financing
arrangements; changes in tax laws relating to corporate dividends;
the deterioration in our financial condition or results, and those
risks, uncertainties, and other factors identified from time to
time in our filings with the Securities and Exchange
Commission.
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