Knight increases quarterly cash dividend

Knight Transportation Inc's board of directors has increased the company's quarterly cash dividend and declared a dividend of $0.03 per share of common stock, an increase of 50 percent. This quarterly dividend is pursuant to a cash dividend policy approved by the board. The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the board each quarter after its review of the company's financial performance.

The company's dividend is payable to shareholders of record June 8, 2007 and is expected to be paid June 29, 2007.

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