Market Overview

Knight Transportation Announces $0.50 Special Cash Dividend

Knight Transportation (NYSE: KNX) announced today that its Board
of Directors has declared a special cash dividend of $0.50 per share of
common stock. The company's special dividend is payable to shareholders
of record on December 7, 2012, and is expected to be paid on December
28, 2012.

The special dividend will pay approximately $39.9 million on Knight's
79.7 million outstanding shares. This special dividend is in addition to
the regular quarterly dividend of $0.06 per share previously announced
on November 8, 2012. After this dividend, Knight will have returned
approximately $324.3 million to its shareholders through a combination
of dividends and stock repurchases since January 2008.

Chairman

See full press release

Posted-In: News Guidance Management

 

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