Werner announces special dividend, new stock repurchase authorisation and new credit facilities

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Key highlights for Werner Enterprises, released on Tuesday 14 May:

– The board declared a special cash dividend of $3.75 per common share payable to shareholders of record at the close of business on May 24, 2019.

– The board approved a new stock repurchase program under which Werner is authorised to repurchase up to 5 million shares of its common stock.

– Werner entered into new five-year, unsecured revolving credit facilities with Wells Fargo Bank, N.A. and BMO Harris Bank N.A., replacing the previous credit facilities with both lenders.

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