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 4,
2016 and is expected to be paid on March 24, 2016.
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 independent contractors.
This press release contains certain statements that may be considered
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 declaration of
quarterly dividends, and such statements are subject to the safe harbor
created by those sections and the Private Securities Litigation Reform
Act of 1995, as amended. All statements, other than statements of
historical or current fact, are statements that could be deemed
forward-looking statements. Forward-looking statements are based on
currently available operating, financial, and competitive information.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified, which
could cause future events and actual results to differ materially from
those set forth in, contemplated by, or underlying the forward-looking
statements. There can be no assurance that future dividends will be
declared. The declaration of future dividends is subject to approval of
our Board of Directors and various risks and uncertainties,
including, but not limited to: 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. Readers should review and consider the factors that
may affect future results and other disclosures by the Company in its
press releases, stockholder reports, Annual Report on Form 10-K, and
other filings with the Securities and Exchange Commission. We expressly
disclaim any obligation or undertaking to release publicly any updates
or revisions to any forward-looking statements contained herein.
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