Market Overview

Allegiant Travel Announces $2.25/Share Special Divident

Share:

The Board of Directors of Allegiant Travel Company (NASDAQ: ALGT) today declared a special cash dividend of $2.25 per share on its outstanding shares of Common Stock.  This dividend will be payable on January 3, 2014 to stockholders of record at the close of business on December 13, 2013.  "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 $2.25 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.  We are distinctive in the industry as our unique business model allows us to not only grow through the acquisition of used aircraft, but also return cash to shareholders.  The Board, while not committing to a regular dividend payment, will, however, consider cash dividends in the future as circumstances warrant." Allegiant currently has existing commitments to purchase two A320s in the second half of 2014 and to lease one A319

See full press release

Posted-In: News Guidance Dividends Offerings Legal Management Global

 

Related Articles (ALGT)

View Comments and Join the Discussion!
Need corporate guidance data?
Click here to see licensing options.
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Nordstrom Down After Slight Q3 Earnings Beat

Streamline Health Announces 2.5M Share Offering