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 1,
2013 and is expected to be paid on March 29, 2013.
Knight Transportation, Inc. is a provider of multiple truckload
transportation services using a nationwide network of service centers in
the U.S. to serve customers throughout 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 services to its customers while creating quality driving
jobs for our driving associates and successful business opportunities
for owner-operators.
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.
