Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Announces $0.18 Quarterly Dividend

Key Points

• Knight-Swift Transportation Holdings Inc. has declared a quarterly dividend of $0.18 per share, which will be paid to stockholders of record on September 5th, with a dividend yield of 1.7%.
• The company reported earnings of $0.35 per share in its latest quarter, exceeding estimates, and had a revenue of $1.86 billion, slightly below analyst expectations.
• Knight-Swift has a solid payout ratio of 28.8%, indicating that its dividend is well-supported by earnings, with projections for future earnings expected to cover dividends comfortably.

Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) announced a quarterly dividend on Thursday, August 7th, RTT News reports. Investors of record on Friday, September 5th will be given a dividend of 0.18 per share by the transportation company on Monday, September 22nd. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, September 5th.

Knight-Swift Transportation has a payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Knight-Swift Transportation to earn $3.50 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 20.6%.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock traded down $0.37 on Friday, hitting $41.08. The company's stock had a trading volume of 1,959,943 shares, compared to its average volume of 3,053,813. Knight-Swift Transportation has a 52-week low of $36.69 and a 52-week high of $61.51. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average price of $44.48 and a 200-day moving average price of $45.79. The company has a market capitalization of $6.66 billion, a P/E ratio of 40.27, a price-to-earnings-growth ratio of 0.62 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company posted $0.24 EPS. The firm's revenue for the quarter was up .8% on a year-over-year basis. On average, equities research analysts expect that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of institutional investors and hedge funds have recently made changes to their positions in KNX. Cetera Investment Advisers increased its holdings in Knight-Swift Transportation by 6.9% in the second quarter. Cetera Investment Advisers now owns 13,724 shares of the transportation company's stock valued at $607,000 after purchasing an additional 882 shares during the last quarter. Creative Planning boosted its position in Knight-Swift Transportation by 39.9% during the second quarter. Creative Planning now owns 33,332 shares of the transportation company's stock valued at $1,474,000 after purchasing an additional 9,510 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Knight-Swift Transportation by 7.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,636 shares of the transportation company's stock valued at $1,842,000 after purchasing an additional 2,937 shares during the last quarter. Cherokee Insurance Co acquired a new position in Knight-Swift Transportation during the second quarter valued at approximately $3,690,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in Knight-Swift Transportation by 5.1% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 59,679 shares of the transportation company's stock valued at $2,640,000 after purchasing an additional 2,922 shares during the last quarter. Institutional investors own 88.77% of the company's stock.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.