HEICO Ups Semi-Annual Cash Dividend By 25% - Quick Facts

6/19/2012 9:42 AM ET

HEICO Corp.'s (HEI-A: Quote,HEI: Quote) board declared a regular semi-annual cash dividend of $0.06 per share payable on both classes of common stock. The cash dividend is payable on July 23, 2012 to shareholders of record as of July 9, 2012 and it represents a 25% increase over the prior semi-annual per share amount of $0.048 and is HEICO's 68th consecutive semi-annual cash dividend since 1979.

Laurans Mendelson, HEICO's Chairman and Chief Executive, commenting on the cash dividend remarked, "By raising the cash dividend, our Board of Directors' goal is to confirm its continuing confidence in HEICO's growth strategies and to continue to reward our shareholders, while retaining sufficient capital to fund our internal growth objectives and acquisition strategies."

Click here to receive FREE breaking news email alerts for HEICO CORP and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 188 Articles

Editors Pick

Autodesk Results Miss Estimates; Cuts Outlook

Design software maker Autodesk, Inc. (ADSK) Thursday reported a 30 percent decline in earnings from last year, hurt by lower revenue and weaker margins. The company's quarterly earnings per share, excluding items, came in below analysts' expectations as did its quarterly revenue. At the same time,...

Dell Profit Drops 79% On Sluggish PC Demand

Struggling PC maker Dell Inc. said Thursday after the markets closed that its first quarter profit dropped 79% from last year, as revenue declined and margins deteriorated amid sluggish demand for personal computers. The company's quarterly earnings per share, excluding items, also came in way below analysts' expectations, but its quarterly revenue beat analysts' forecast.

Cisco Results Top Estimates

Cisco Systems, Inc., the world's largest computer networking gear maker, said Wednesday after the markets closed that its third quarter profit rose 14.5% from last year, helped by higher sales and a tax benefit. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly sales.