Werner Enterprises Announces Quarterly and Special Dividends

November 10, 2009 4:51 PM ET
advertisement

Article tools

Stocks mentioned in this article
Werner Enterprises Inc (WERN) Stock Quote, Chart, News, Add to Watchlist

Werner Enterprises, Inc. WERN, one of the nation’s largest transportation and logistics companies, announced today that its Board of Directors declared a regular quarterly cash dividend of $.050 (5.0 cents) per common share payable to stockholders of record at the close of business on January 11, 2010. This dividend will be paid on January 26, 2010.

Werner Enterprises is currently in its twenty-third year of paying quarterly cash dividends on its common stock to its stockholders. The first quarterly cash dividend was paid by Werner Enterprises in July 1987.

Werner also announced that its Board of Directors declared a special cash dividend of $1.25 per common share payable to stockholders of record at the close of business on November 23, 2009. This dividend will be paid on December 8, 2009. As a result of the special dividend, a total of approximately $90 million will be paid on Werner’s 72 million common shares outstanding. Werner also paid a special cash dividend of $2.10 per common share in December 2008.

Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico, China and Australia. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated, medium-to-long-haul, regional and local van capacity, expedited, temperature-controlled and flatbed services. Werner's Value Added Services portfolio includes freight management, truck brokerage, intermodal, load/mode and network optimization and freight forwarding. Werner, through its subsidiary companies, is a licensed U.S. NVOCC, U.S. Customs Broker, licensed Freight Forwarder in China, licensed China NVOCC, TSA-approved Indirect Air Carrier and IATA Accredited Cargo Agent.

Werner Enterprises, Inc.’s common stock trades on the NASDAQ Global Select MarketSM under the symbol “WERN”. For further information about Werner, visit the company’s website at www.werner.com.

Werner Enterprises, Inc.
John J. Steele, 402-894-3036
Executive Vice President, Treasurer and
Chief Financial Officer
or
Robert E. Synowicki, Jr., 402-894-3350
Executive Vice President and
Chief Information Officer

Copyright 2009 Business Wire

Back to News Home

advertisement
MSN Money
Search MSN Money
Message Boards
Site Status