Spirit AeroSystems (SPR) Lowers Quarterly Dividend 91.7% to $0.01; 0.1% Yield

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Go back to Spirit AeroSystems (SPR) Lowers Quarterly Dividend 91.7% to $0.01; 0.1% Yield

Spirit AeroSystems Reduces Quarterly Cash Dividend Due to 737 MAX Production

February 7, 2020 7:30 AM EST

WICHITA, Kan., Feb. 7, 2020 /PRNewswire/ -- Spirit AeroSystems (NYSE: SPR) announced its Board of Directors declared a quarterly $0.01 per share cash dividend on its outstanding common stock on February 6. The dividend is payable April 9, 2020, to stockholders of record as of the close of business on March 20, 2020.

"In an abundance of caution, the Board concluded that it is in the best interests of Spirit and its stockholders to reduce Spirit's quarterly dividend," said Spirit AeroSystems President and CEO Tom Gentile. "Spirit has a strong history of capital returns through dividends and share... More