Knight-Swift Transportation hikes dividend by 25%

Knight-Swift Transportation Holdings Inc. (KNX) will hike its quarterly dividend by 25 percent to 10 cents per share in 2021. This follows a dividend hike of  33.3 percent to 8 cents per share in 2020. This is the second dividend hike by the company since 2010.

The next dividend is payable to stockholders of record on June 28, 2021. The record date is June 4, 2021 and the ex-date for this dividend by Knight-Swift is June 3, 2021. The new annual dividend of 40 cents yields 0.8% at a stock price of $50.

Knight-Swift Transportation Holdings Inc. is a provider of multiple truckload transportation and logistics services using a nationwide network of business units and terminals in the United States and Mexico to serve customers throughout North America. In addition to operating North America's largest tractor fleet, Knight-Swift also contracts with third-party equipment providers to provide a broad range of truckload services to its customers.