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

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) 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 raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Knight-Swift Transportation has a dividend payout ratio of 32.0% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE KNX traded down $0.17 during mid-day 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 company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 0.70. Knight-Swift Transportation has a one year low of $38.63 and a one year high of $67.75. The firm has a market cap of $9.71 billion, a price-to-earnings ratio of 284.42 and a beta of 1.15. The business’s 50-day simple moving average is $59.74 and its 200 day simple moving average is $55.01.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly 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 return on equity of 2.94% and a net margin of 0.45%.The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the business posted $0.28 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, research analysts predict that Knight-Swift Transportation will post 2.09 earnings per share for the current fiscal 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.