Werner Enterprises Announces New Stock Repurchase Authorization and Quarterly Dividend
15 Maggio 2024 - 10:05PM
Business Wire
Werner Enterprises, Inc. (Nasdaq: WERN), one of the nation’s
largest transportation and logistics companies (the “Company”), is
pleased to announce the following actions of its Board of Directors
(the “Board”) on May 14, 2024:
Stock Repurchase Program
The Board approved a new stock repurchase program under which
the Company is authorized to repurchase up to 5 million shares of
its common stock. Upon approval of the new program, the Board
withdrew the previous stock repurchase authorization, which had
approximately 1.6 million shares remaining available for
repurchase. The Company may repurchase stock from time to time
depending on market, economic and other factors. The new
authorization will continue until the Board withdraws it.
Quarterly Dividend
The Board declared a regular quarterly cash dividend of $0.14
(fourteen cents) per common share. This dividend will be paid on
July 17, 2024 to stockholders of record at the close of business on
July 1, 2024. The Company has paid a quarterly cash dividend to its
stockholders every quarter since July 1987.
About Werner Enterprises
Werner Enterprises, Inc. (Nasdaq: WERN) delivers superior
truckload transportation and logistics services to customers across
the United States, Mexico and Canada. With 2023 revenues of $3.3
billion, an industry-leading modern truck and trailer fleet, nearly
14,000 talented associates and our innovative Werner EDGE®
technology, we are an essential solutions provider for customers
who value the integrity of their supply chain and require safe and
exceptional on-time service. Werner® provides Dedicated and One-Way
Truckload services as well as Logistics services that include
truckload brokerage, freight management, intermodal and final mile.
As an industry leader, Werner is deeply committed to promoting
sustainability and supporting diversity, equity and inclusion.
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version on businesswire.com: https://www.businesswire.com/news/home/20240515494951/en/
Christopher D. Wikoff Executive Vice President, Treasurer and
Chief Financial Officer (402) 894-3700
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