Aircastle (AYR) Raises Quarterly Dividend 25% to $0.125; 4.1% Yield; Increases Buyback by $30M

June 27, 2011 9:16 AM EDT
Aircastle (NYSE: AYR) declared a quarterly dividend of $0.125 per share, or $0.5 annualized. This is a 25% increase from the prior dividend of $0.10.

The dividend will be payable on July 15, 2011, to stockholders of record on July 7, 2011, with an ex-dividend date of July 5, 2011.

The annual yield on the dividend is 4.1 percent.

The Company's Board of Directors authorized an increase in the Company's common share repurchase program by up to $30 million of its common shares, for a total of up to $90 million of its common shares in the aggregate.


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