Knight-Swift Transportation Holdings Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has declared a quarterly cash dividend of $0.12 per share, payable to shareholders of record on September 5, 2022 and scheduled for payment on September 26, 2022. This dividend aligns with the company's approved cash dividend policy, subject to board review of financial performance each quarter. Knight-Swift is recognized as one of North America's largest freight transportation companies, operating the country's largest tractor fleet and offering a diverse range of logistics services across the U.S. and Mexico.

Positive

• Quarterly cash dividend of $0.12 per share declared.
• Dividends reflect company confidence and financial health.
• Company is recognized as one of North America's largest freight transportation companies.

Negative

• Future dividends are subject to board approval and various risks, including cash flow issues and financial condition.

PHOENIX--(BUSINESS WIRE)-- Knight-Swift Transportation Holdings Inc. (NYSE: KNX) (the "Company" or "Knight-Swift") announced today that its board of directors ("the Board") has declared the Company’s quarterly cash dividend of $0.12 per share of common stock. The Company's quarterly dividends are pursuant to a cash dividend policy approved by the Board. The actual declaration of future cash dividends and the establishment of record and payment dates is subject to final determination by the Board each quarter after its review of the Company’s financial performance.

The Company’s dividend is payable to stockholders of record on September 5, 2022 and is expected to be paid on September 26, 2022.

Knight-Swift is one of North America's largest and most diversified freight transportation companies providing multiple truckload transportation and logistics services as well as LTL services. Knight-Swift uses a nationwide network of business units and terminals in the United States and Mexico to serve customers throughout North America. In addition to operating the country's largest tractor fleet, Knight-Swift also contracts with third-party equipment providers to provide a broad range of truckload services to our 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, 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, including, without limitation, statements relating to our declaration of quarterly dividends. Forward-looking statements are based on the current beliefs, assumptions, and expectations of management and current market conditions. 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 the Board and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; compliance with applicable law; restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; 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 in the Risk Factors section of Knight-Swift's Annual Report on Form 10-K for the year ended December 31, 2021, and various disclosures in our releases, stockholder reports, and 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220729005099/en/

David Jackson, President and CEO, or Adam Miller, CFO - (602) 606-6349

Source: Knight-Swift Transportation Holdings Inc.

FAQ

What is the dividend amount declared by Knight-Swift Transportation Holdings Inc.?

Knight-Swift Transportation Holdings Inc. declared a dividend of $0.12 per share.

When is the dividend payment date for KNX shareholders?

The dividend is scheduled to be paid on September 26, 2022.

Who are the shareholders eligible for the KNX dividend?

Shareholders of record on September 5, 2022, are eligible for the dividend.

Is the dividend declaration by Knight-Swift Transportation Holdings Inc. guaranteed in the future?

Future dividends are subject to board approval and various financial conditions.

What financial factors could affect future KNX dividends?

Future dividends could be impacted by cash flow, financial condition, and compliance with financing arrangements.