Knight Transportation Announces Quarterly Cash Dividend
PHOENIX -- May 16, 2013
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 June 7, 2013
and is expected to be paid on June 28, 2013.
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. 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.
Knight Transportation, Inc.
David Jackson, 602-269-2000
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