NEW YORK (

TheStreet

) -- The ex-dividend date for

Knight Transportation

(NYSE:

KNX

) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $17.11 as of 9:30 a.m. ET, the dividend yield is 1.4%.

The average volume for Knight Transportation has been 609,900 shares per day over the past 30 days. Knight Transportation has a market cap of $1.35 billion and is part of the

services

sector and

transportation

industry. Shares are up 8.5% year to date as of the close of trading on Friday.

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 22.6, above the average transportation industry P/E ratio of 22.3 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Knight Transportation as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Knight Transportation Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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