Knight-Swift Transportation Holdings Inc. (KNX) to Issue Quarterly Dividend of $0.20 on June 22nd

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) declared a quarterly dividend on Wednesday, May 13th. Shareholders of record on Monday, June 8th will be given 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 yield of 1.2%. The ex-dividend date 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 every year for the last 6 years. Knight-Swift Transportation has a payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 13.9%

NYSE KNX opened at $68.09 on Friday. The firm’s 50-day moving average is $59.83 and its two-hundred day moving average is $55.28. Knight-Swift Transportation has a 12 month low of $38.63 and a 12 month high of $68.36. 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 stock has a market capitalization of $11.06 billion, a P/E ratio of 324.27 and a beta of 1.15.

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

Knight-Swift Transportation Company Profile

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.