Knight-Swift Transportation Holdings Inc. Announces Quarterly Dividend of $0.20 (NYSE:KNX)

Knight-Swift Transportation Holdings Inc. (NYSE:KNXGet Free Report) announced a quarterly dividend on Wednesday, May 13th. Stockholders of record on Monday, June 8th will be paid a dividend of 0.20 per share by the transportation company on Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, June 8th.

Knight-Swift Transportation has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Knight-Swift Transportation has a payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Knight-Swift Transportation to earn $3.31 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 24.2%.

Knight-Swift Transportation Trading Down 0.3%

Shares of Knight-Swift Transportation stock traded down $0.17 during midday trading on Wednesday, reaching $59.73. The company had a trading volume of 3,700,777 shares, compared to its average volume of 3,339,600. The stock has a fifty day moving average price of $59.74 and a 200 day moving average price of $55.01. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $9.71 billion, a PE ratio of 284.42 and a beta of 1.15. Knight-Swift Transportation has a fifty-two week low of $38.63 and a fifty-two week high of $67.75.

Knight-Swift Transportation (NYSE:KNXGet Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.20). The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.85 billion. Knight-Swift Transportation had a return on equity of 2.94% and a net margin of 0.45%.Knight-Swift Transportation’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. On average, equities analysts anticipate that Knight-Swift Transportation will post 2.09 earnings per share for the current year.

About Knight-Swift Transportation

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Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.

Further Reading

Dividend History for Knight-Swift Transportation (NYSE:KNX)

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