Werner Enterprises Inc., one of the nation's largest truckload transportation companies, said its board of directors has declared a five for four split of the company's common stock effected in the form of a 25% stock dividend.
The stock dividend will be payable on or about Sept. 30, 2003 to stockholders of record at the close of business on Sept. 16, 2003. Based on the number of diluted shares at Aug. 31, 2003, the company's diluted shares will increase from approximately 65.6 million to approximately 82.0 million.
Werner Enterprises is currently in its 17th year of paying quarterly cash dividends on its common stock to its stockholders. The first quarterly cash dividend was paid by the company in July 1987.
The stock dividend will be payable on or about Sept. 30, 2003 to stockholders of record at the close of business on Sept. 16, 2003. Based on the number of diluted shares at Aug. 31, 2003, the company's diluted shares will increase from approximately 65.6 million to approximately 82.0 million.
Werner Enterprises is currently in its 17th year of paying quarterly cash dividends on its common stock to its stockholders. The first quarterly cash dividend was paid by the company in July 1987.
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