NEW YORK (

TheStreet

) -- The ex-dividend date for

Knight Transportation

(NYSE:

KNX

) is tomorrow, August 31, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $15.10 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Knight Transportation has been 1.2 million shares per day over the past 30 days. Knight Transportation has a market cap of $1.2 billion and is part of the

services

sector and

transportation

industry. Shares are down 19.9% year to date as of the close of trading on Monday.

Knight Transportation, Inc., together with its subsidiaries, operates as a short to medium-haul truckload carrier of general commodities in the United States. The company has a P/E ratio of 21.4, above the average transportation industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Knight Transportation as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full

Knight Transportation Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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