Knight Transportation, Inc. announced that its Board of Directors has increased the company’s quarterly cash dividend and declared a dividend of $0.03 per share of common stock, an increase of 50 percent.
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 June 8 and is expected to be paid on June 29.
Knight Transportation, Inc. is a truckload carrier offering dry van, refrigerated, and brokerage services to customers through a network of service centers located throughout the United States.