Deutsche Bank published an alert yesterday on Knight Transportation KNX after they announced special dividends of $0.75/share.
KNX will pay the special dividends along with the $0.06/share regular quarterly dividend on December 23, 2010.
Deutsche Bank stated, "We expect shares to react favorably
to this unexpected $0.75/share special dividend as it implies strong cash generation QTD and over 8% of KNX's float is short, according to Bloomberg."
KNX closed Thursday at $18.20.
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