Dividend Growth of Knight Transportation, Inc.(KNX)

Knight Transportation(KNX) is having a Dividend Yield of 0.72% with the Annual cash Dividend per share of $0.24. The last quarter cash dividend per share pay out was $0.06. Knight Transportation has a 5 year average dividend yield of 1.13% and the stock has a Indicated annual dividend of $0.24. Knight Transportation(KNX) formally announced its most recent dividend on February 2, 2017 with a Dividend per share of $0.06. The new indicated annual dividend based on announced dividend per share is $0.24. The dividend yield based on the forward looking indicated annual dividend is 0.72%. Knight Transportation(KNX) has the most recent dividend payout ratio of 0.21 with a 5-year average payout ratio of 0.23.

Knight Transportation, Inc. (NYSE:KNX) witnessed a decline in the market cap on Thursday as its shares dropped 0.6% or 0.2 points. After the session commenced at $33.3, the stock reached the higher end at $33.35 while it hit a low of $32.6. With the volume soaring to 621,479 shares, the last trade was called at $32.95. The company has a 52-week high of $38.8. The company has a market cap of $2,637 million and there are 80,034,666 shares in outstanding. The 52-week low of the share price is $23.77. Shares of Knight Transportation, Inc. appreciated by 0.92% during the last five trading days but lost 3.65% on a 4-week basis. Knight Transportation, Inc. has dropped 5.15% during the last 3-month period . Year-to-Date the stock performance stands at -0.3%.

Currently the company Insiders own 11.6% of Knight Transportation, Inc. shares according to the proxy statements. Institutional Investors own 92.8% of Knight Transportation, Inc. shares. Company has reported several Insider transactions to the SEC, on Aug 31, 2016, Gary J Knight (Vice Chairman) sold 300,000 shares at 28.38 per share price.On Aug 9, 2016, Wayne Yu (VP of Accounting & Finance) sold 3,200 shares at 29.59 per share price.On Aug 5, 2016, Kevin P Knight (Executive Chairman) sold 500,000 shares at 28.96 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Upgraded by Stifel on Feb 10, 2017 to Hold, Raises Price Target to $ 29 from a previous price target of $28 .Company shares were Reiterated by Cowen on Jan 26, 2017 to Market Perform, Raises Price Target to $ 29 from a previous price target of $25 .Knight Transportation was Reiterated by Stifel on Jan 26, 2017 to Sell, Lowers Price Target to $ 28 from a previous price target of $30 .Knight Transportation was Downgraded by Stifel to Hold on Dec 16, 2016.

Knight Transportation Last issued its quarterly earnings results on Jan 25, 2017. The company reported $0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.02. Analyst had a consensus of $0.31. The company had revenue of $289.10 million for the quarter, compared to analysts expectations of $285.32 million. The companys revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.36 EPS.

KNIGHT TRANSPORTATION INC. is a short to medium-haul, dry van truckload carrier operating in the western region of the United States. Co. transports general commodities, including consumer goods, packaged foodstuffs, paper products, beverage containers and imported and exported commodities.


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