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

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) declared a quarterly dividend on Wednesday, May 13th. Investors 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) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, June 8th.

Knight-Swift Transportation has raised its dividend payment by an average of 0.2%annually 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% meaning 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 Stock Performance

Shares of KNX opened at $59.73 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $9.70 billion, a price-to-earnings ratio of 284.42 and a beta of 1.15. The company’s 50 day simple moving average is $59.70 and its 200 day simple moving average is $55.12. Knight-Swift Transportation has a 1 year low of $38.63 and a 1 year high of $67.75.

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

About Knight-Swift Transportation

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.