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: email@example.com