Knight Sets Special Dividend

Knight Transportation said it has declared a special cash dividend of 75 cents per share.

The dividend, announced late Thursday, comes in addition to a quarterly dividend of 6 cents per share, the carrier said.

“We continue to manage our balance sheet and capital resources to enhance shareholders returns while maintaining a strong platform for growth,” CEO Kevin Knight said in a statement.

The special dividend is payable to shareholders of record on Dec. 3.

Knight expects to grow all of its truckload services in 2011 and to have double-digit revenue growth, it said.

Phoenix-based Knight Transportation is ranked No. 34 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.