In a regulatory filing, SkyWest SKYW announced that its board of directors has approved a new share repurchase program worth $250 million. Also, the regional carrier raised its quarterly dividend by 20%. Notably, this St. George, UT-based carrier has been consistently rewarding its shareholders for quite some time.
Twin Shareholder-Friendly Moves
This Zacks Rank #1 (Strong Buy) company hiked its quarterly dividend to 12 cents per share (annualized 48 per share), representing a 20% improvement from the previous payout of 10 cents per share (annualized 40 cents per share). The new dividend, which has been approved by the company’s board of directors, will be paid on Apr 4, 2019 to its stockholders of record as of Mar 29. The dividend yield based on the new payout and the Feb 6 closing market price is approximately 0.9%.
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https://finance.yahoo.com/news/skywest-rewards-investors-dividend-hike-121412826.html
