OMAHA, Neb.--(BUSINESS WIRE)--Nov. 13, 2012--
Werner Enterprises, Inc. (NASDAQ: 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 7, 2013. This dividend will be paid on January
Werner Enterprises is currently in its twenty-sixth 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
Werner also announced that its Board of Directors declared a special
cash dividend of $1.50 per common share payable to stockholders of
record at the close of business on November 29, 2012. This dividend will
be paid on December 13, 2012. The special dividend amounts to a total of
approximately $109 million to be paid on Werner’s 72.9 million common
shares outstanding. No portion of the $1.50 special dividend is
considered to be a return of capital. Including the special dividend
announced today, Werner has declared special cash dividends since 2008
totaling $6.95 per common share.
This is the fifth consecutive year that Werner will pay a special
dividend to shareholders as a way to further enhance shareholder return.
Werner’s primary objectives continue to be improving its operating
margin percentage and its returns on assets, equity and invested
capital, while staying true to its broad transportation services
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 van, temperature-controlled and flatbed;
medium-to-long-haul, regional and local van; and expedited services.
Werner's Value Added Services portfolio includes freight management,
truck brokerage, intermodal, and international services. International
services are provided through Werner’s domestic and global subsidiary
companies and include ocean, air and ground transportation; freight
forwarding; and customs brokerage.
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.
This press release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, and made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, as amended. Such forward-looking
statements are based on information presently available to Werner’s
management and are current only as of the date made. Actual results
could also differ materially from those anticipated as a result of a
number of factors, including, but not limited to, those discussed in
Werner’s Annual Report on Form 10-K for the year ended December 31,
2011. For those reasons, undue reliance should not be placed on any
forward-looking statement. Werner assumes no duty or obligation to
update or revise any forward-looking statement, although it may do so
from time to time as management believes is warranted or as may be
required by applicable securities law. Any such updates or revisions may
be made by filing reports with the U.S. Securities and Exchange
Commission, through the issuance of press releases or by other methods
of public disclosure.
Source: Werner Enterprises, Inc.
Werner Enterprises, Inc.
John J. Steele, 402-894-3036
Vice President, Treasurer and Chief Financial Officer