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 22, 2013.
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 1987.
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
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