Knight-Swift Transportation Holdings Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) announced a quarterly cash dividend of $0.08 per share, payable to shareholders of record on March 5, 2021, with payment expected on March 26, 2021. This dividend is part of the Company's cash dividend policy approved by its board of directors, contingent on the Company's financial performance. Knight-Swift operates North America's largest tractor fleet, providing diverse truckload transportation and logistics services across the United States and Mexico.

Positive

• Quarterly cash dividend declared at $0.08 per share.
• Demonstrates commitment to return value to shareholders.

Negative

• Future dividends are subject to board approval and financial performance, introducing uncertainty.
• Potential risks include cash flow constraints and compliance with financial arrangements.

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) (the "Company") announced today that its board of directors has declared the Company’s quarterly cash dividend of $0.08 per share of common stock. The Company's quarterly dividends are pursuant to a cash dividend policy approved by its 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 stockholders of record on March 5, 2021 and is expected to be paid on March 26, 2021.

Knight-Swift Transportation Holdings Inc. is a provider of multiple truckload transportation and logistics services using a nationwide network of business units and terminals in the United States and Mexico to serve customers throughout North America. In addition to operating North America's largest tractor fleet, Knight-Swift also contracts 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, 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 our board of directors 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 Transportation Holdings Inc.'s Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, and various disclosures in our press releases, stockholder reports, 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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FAQ

What is the dividend amount for Knight-Swift Transportation in 2021?

The dividend amount is $0.08 per share.

When will the dividend be paid to shareholders of KNX?

The dividend is expected to be paid on March 26, 2021.

What are the record dates for the KNX dividend?

The record date for the dividend is March 5, 2021.

Can future dividends for Knight-Swift be guaranteed?

No, future dividends are subject to board approval and various risks.

What factors may affect future dividends for KNX?

Factors include cash flow, financial performance, and compliance with legal restrictions.