Market Overview

SkyWest Declares Quarterly Dividend Of $0.05 A Share


SkyWest, Inc. (NASDAQ: SKYW) revealed that its board declared a quarterly cash dividend of $.05 per share to its eligible Shareholders. The company indicated it fixed the record date of June to determine the eligible shareholders to get the dividend payment.

The company stated that it was the 84th consecutive dividend, which would payable on July 7 to its shareholders.

SkyWest's latest dividend offered a yield of 0.7 percent, which was lower than the five-year average dividend yield of 1.20 percent. Also, the company's payout ratio was only 7.0 percent whereas the five-year dividend payout ratio worked out to 30.0 percent. It has not been boosting its dividend rate every year.

The stock traded 1.15 percent down on Wednesday.


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Posted-In: News Dividends