Allegiant Travel (ALGT) Declares $1.65 Special Dividend; 0.9% Yield

Allegiant Travel (NASDAQ: ALGT) declared a special dividend of $1.65 per share.

The dividend will be payable on January 8, 2016, to stockholders of record on December 18, 2015, with an ex-dividend date of December 16, 2015.

The annual yield on the dividend is 0.9 percent.

"This action demonstrates our commitment to returning cash to shareholders," stated Maurice J. Gallagher, Jr., Chairman and CEO of Allegiant Travel Company. "Including our quarterly cash dividends, we will have given back $2.75 per share in dividends this year, an increase of $0.25 per share from 2014. We have also returned $129 million through share repurchases through November 30, 2015. The Board felt that it was appropriate at this time to issue this $1.65 dividend because of our financial performance, our healthy cash balances, and our ability to grow the company through aircraft purchases utilizing cash flows from operations."

For a dividend history and other dividend-related data on Allegiant Travel (ALGT) click here.

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