Knighft-Swift (KNX) Notches All-Time High Ahead of Dividends

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) is one of the 10 Stocks With Unbelievable Gains.

Knight-Swift snapped a three-day losing streak on Thursday and notched a fresh all-time high, as investors repositioned portfolios ahead of the second round of higher cash dividends.

In intra-day trading, Knight-Swift Transportation Holdings Inc. (NYSE:KNX) soared to as high as $68.35 before trimming a few cents to finish the session just up by 13.82 percent at $68.03 apiece.

Photo from Knight-Swift website

In an updated report on the same day, the company said that its board of directors approved the distribution of quarterly dividends amounting to $0.20 to all investors on record as of June 8, 2026, payable on June 22.

The amount marked an 11 percent jump from the $0.18 last year. The first round was successfully paid last March.

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) said that the amount marks its 7th consecutive year of increase, bringing the overall jump to 233 percent.

The higher dividends came despite the company’s dismal earnings performance in the first quarter of the year, having swung to an attributable net loss of $1.3 million from a $30.6 million attributable net income in the same period last year.

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) said that the figures were primarily dragged by an adverse arbitration ruling on a 2022 claim, a $4.1 million expense in its truckload segment for an adverse decision on VAT reimbursement in Mexico for prior tax years, and an estimated $12 million to $14 million negative impact across its business segments from volume and cost headwinds from severe winter weather disruptions and sharply rising fuel prices.

Revenues, on the other hand, grew to $1.85 billion, a mere 1.4 percent uptick from the $1.82 billion year-on-year.

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