Allegiant Travel Announces Special $2 Dividend
The Board of Directors of Allegiant Travel Company (Nasdaq: ALGT) today declared a special dividend of $2 per share on its outstanding shares of Common Stock. This dividend will be payable on December 14, 2012 to stockholders of record at the close of business on November 30, 2012.
"This action demonstrates our commitment to returning cash to shareholders," stated Maurice J. Gallagher, Jr., Chairman and CEO of Allegiant Travel Company. "The Board felt that it was appropriate at this time to issue this $2 dividend because of the strength of our performance, our healthy cash balances, and our ability to grow the company through strong cash flows from operations. The Board, while not committing to a regular dividend payment, will, however, consider cash dividends in the future as circumstances warrant."
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