Passenger airline operator SkyWest announced today its third-quarter dividend of $0.04 per share, the same rate it's paid since 2008.
The board of directors said the quarterly dividend is payable on July 5 to the holders of record at the close of business on June 28. The payout by the airline operator, which owns SkyWest Airlines and ExpressJet Airlines, will be its 72nd consecutive quarterly dividend payment.
SkyWest Airlines operates as United Express, Delta Connection, and American Eagle under contractual agreements with United Continental's United Airlines, Delta Airlines, and AMR's American Airlines. It also has contractual agreements with US Airways and Alaska Air.
The regular dividend payment equates to a $0.16-per-share annual dividend, yielding 1.1% based on the closing price of SkyWest's stock on June 14.
The article SkyWest Declares 72nd Consecutive Quarterly Dividend originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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