Knight-Swift Plans New Share Repurchase Plan, Declares Dividend

Knight-Swift Transportation Holdings Inc KNX board approved the repurchase of up to $350 million of its outstanding common stock.
KNX terminated its previous $250 million repurchase plan. Under the previous plan, Knight-Swift purchased ~$207.2 million or 4.2 million shares, leaving less than $42.8 million in remaining purchase authorization upon termination.
KNX also declared a quarterly cash dividend of $0.12 per share of common stock, payable to stockholders of record on June 10, 2022, and is expected to be paid on June 27, 2022.
Price Action: KNX shares traded higher by 0.94% at $48.28 on Monday's last check.