Bristow Group (BRS) Lowers Quarterly Dividend 79.4% to $0.07; 1.5% Yield

Bristow Group (NYSE: BRS) declared a quarterly dividend of $0.07 per share, or $0.28 annualized. This is a 79.4% decrease from the prior dividend of $0.34.

The dividend will be payable on March 15, 2016, to stockholders of record on March 1, 2016, with an ex-dividend date of February 26, 2016.

The annual yield on the dividend is 1.5 percent.

Jonathan E. Baliff, President and Chief Executive Officer of Bristow Group, said, "This decision by the Board of Directors is a prudent step designed to enhance our competitive position in this challenging commercial environment. The reduction in the dividend coupled with our improved liquidity from the previously announced $200 million term loan and capex reductions and deferrals provides us with greater financial flexibility to weather this severe cyclical downturn and capitalize on potential opportunities."

For a dividend history and other dividend-related data on Bristow Group (BRS) click here.

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