Knight Transportation, Inc. (NYSE: KNX) announced today that its Board
of Directors 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 June 5,
2015 and is expected to be paid on June 26, 2015.
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, and such statements are subject to the safe
harbor created by those sections and the Private Securities Litigation
Reform Act of 1995, as amended. 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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