Knight-Swift Transportation Holdings Inc (NYSE:KNX) declared a quarterly dividend on Friday, November 9th, RTT News reports. Investors of record on Monday, December 3rd will be paid a dividend of 0.06 per share by the transportation company on Thursday, December 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.72%.
Knight-Swift Transportation has decreased its dividend by an average of 15.7% per year over the last three years and has increased its dividend every year for the last 4 years. Knight-Swift Transportation has a payout ratio of 10.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Knight-Swift Transportation to earn $2.71 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 8.9%.
Shares of KNX opened at $33.48 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.43. The firm has a market capitalization of $5.98 billion, a P/E ratio of 24.26, a PEG ratio of 0.95 and a beta of 1.51. Knight-Swift Transportation has a twelve month low of $29.00 and a twelve month high of $51.94.
Several research analysts have commented on KNX shares. Zacks Investment Research lowered Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research report on Sunday, July 15th. Barclays raised Knight-Swift Transportation from an “equal weight” rating to an “overweight” rating and set a $55.00 price objective on the stock in a research report on Monday, July 16th. UBS Group cut their price objective on Knight-Swift Transportation from $57.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, July 26th. KeyCorp cut their price objective on Knight-Swift Transportation from $55.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, July 26th. Finally, Stifel Nicolaus cut their price objective on Knight-Swift Transportation from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, July 26th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $48.24.
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Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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