![]() ![]() Knight-Swift is one of North America's largest and most diversified freight transportation companies, providing multiple truckload transportation and logistics services, as well as LTL services. The Company’s dividend is payable to stockholders of record on Jand is expected to be paid on June 27, 2022. The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the Board each quarter after its review of the Company’s financial performance. The Company's quarterly dividends are pursuant to a cash dividend policy approved by the Board. In addition to the approval of the 2022 Knight-Swift Repurchase Plan, the Board has declared the Company’s quarterly cash dividend of $0.12 per share of common stock. ![]() The 2022 Knight-Swift Repurchase Plan may be suspended, modified, or discontinued at any time and without notice, at the Board’s discretion. The 2022 Knight-Swift Repurchase Plan does not obligate the Company to repurchase or otherwise acquire any of its common stock. The timing, prices, and volume of purchases will depend upon prevailing stock prices, the Company’s leverage ratio, general economic and market conditions, and other considerations. The Company intends to repurchase shares of common stock under the 2022 Knight-Swift Repurchase Plan when it is opportune to do so, using a variety of methods, which may include but is not limited to open market purchases, block trades, the implementation of a 10b5-1 plan, and/or any other available methods in accordance with Securities and Exchange Commission and other applicable legal requirements. Since its adoption, the Company purchased approximately $207.2 million or 4.2 million shares, including approximately $149.9 million or 2.8 million shares during 2022, of its common stock under the 2020 Knight-Swift Repurchase Plan, leaving less than $42.8 million in remaining purchase authorization upon termination. With the adoption of the 2022 Knight-Swift Repurchase Plan, the Company terminated the $250 million repurchase plan previously approved by the Board in November 2020 (the "2020 Knight-Swift Repurchase Plan"). ![]() (NYSE:KNX) (the "Company" or "Knight-Swift") announced today that its board of directors (the "Board") approved the repurchase of up to $350 million of the Company's outstanding common stock (the "2022 Knight-Swift Repurchase Plan"). Knight-Swift Transportation Holdings Inc. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |