Heico Corp. (HEI) Raises Semi-Annual Dividend 14.3% to $.08; 0.3% Yield

Heico Corp. (NYSE: HEI) (NYSE: HEI-A) declared a semi-annual dividend of $.08 per share, or $0.16 annualized. This is a 14.3% increase from the prior dividend of $0.07.

The dividend will be payable on January 19, 2016, to stockholders of record on January 4, 2016, with an ex-dividend date of December 30, 2015.

The annual yield on the dividend is 0.3 percent.

Laurans A. Mendelson, HEICO's Chairman and Chief Executive Officer, along with HEICO's Co-Presidents, Eric A. Mendelson and Victor H. Mendelson, remarked, "By raising the cash dividend, our Board of Directors' goal is to confirm its continuing confidence in HEICO's growth strategies and to continue to reward our shareholders, while retaining sufficient capital to fund our internal growth objectives and acquisition strategies. Since 1990, HEICO has executed on a growth strategy which has consistently delivered superior returns and value to our shareholders. Considering the impact of cash dividends, prior stock splits and stock dividends, one share of HEI worth $8.38 in 1990 has become worth on a combined basis approximately $880 today representing an increase of approximately 105 times the 1990 value and a compound annual growth rate of 20.5%."

For a dividend history and other dividend-related data on Heico Corp. (HEI) click here.

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