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

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) announced a quarterly dividend on Thursday, August 6th. Investors of record on Friday, September 4th will be given a dividend of 0.20 per share by the transportation company on Monday, September 21st. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 4th.

Knight-Swift Transportation has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 6 years. Knight-Swift Transportation has a dividend payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Knight-Swift Transportation to earn $3.93 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 20.4%.

Knight-Swift Transportation Stock Down 2.2%

KNX traded down $1.55 during mid-day trading on Thursday, reaching $69.26. 2,096,120 shares of the stock were exchanged, compared to its average volume of 3,784,344. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $11.25 billion, a PE ratio of 266.40, a price-to-earnings-growth ratio of 0.61 and a beta of 1.18. The company has a 50 day moving average price of $75.51 and a two-hundred day moving average price of $65.82. Knight-Swift Transportation has a 1 year low of $38.63 and a 1 year high of $82.86.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, research analysts anticipate that Knight-Swift Transportation will post 2.42 EPS for the current year.

Insider Transactions at Knight-Swift Transportation

In related news, Director Reid Dove sold 50,000 shares of Knight-Swift Transportation stock in a transaction on Friday, July 31st. The shares were sold at an average price of $70.25, for a total value of $3,512,500.00. Following the transaction, the director directly owned 169,154 shares of the company’s stock, valued at $11,883,068.50. The trade was a 22.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Cary M. Flanagan sold 3,600 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $70.82, for a total transaction of $254,952.00. Following the transaction, the chief accounting officer owned 5,405 shares in the company, valued at $382,782.10. This represents a 39.98% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

Institutional investors have recently added to or reduced their stakes in the business. Fifth Third Wealth Advisors LLC increased its position in Knight-Swift Transportation by 4.5% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,183 shares of the transportation company’s stock worth $298,000 after buying an additional 222 shares during the period. Fifth Third Bancorp increased its position in Knight-Swift Transportation by 44.4% during the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock worth $45,000 after purchasing an additional 267 shares during the period. Blue Trust Inc. raised its position in Knight-Swift Transportation by 123.9% in the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock worth $31,000 after acquiring an additional 301 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Knight-Swift Transportation by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,930 shares of the transportation company’s stock valued at $2,091,000 after purchasing an additional 306 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Knight-Swift Transportation by 7.9% during the 4th quarter. Parallel Advisors LLC now owns 4,240 shares of the transportation company’s stock valued at $222,000 after acquiring an additional 309 shares during the period. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

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.