Werner Enterprises, the third largest U.S. truckload carrier, will pay shareholders special dividends totaling $109 million on Dec. 13, the company said today.
The $1.50 per share special dividend is in addition to a 5 cent per share quarterly dividend that shareholders will receive Jan. 22, according to Werner.
This is the fifth straight year the truckload carrier has paid shareholders a special dividend. Since 2008, those dividends have totaled $6.95 per common share.
Werner reported a net profit of $25.2 million in the third quarter on $506.5 million in total revenue, including $326.2 million in revenue from trucking operations.