HEICO Corporation Declares 86th Consecutive Semi-Annual Cash Dividend; Increases the Semi-Annual Cash Dividend by 12.5%
08 Junho 2021 - 10:00AM
Business Wire
HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) announced today that
its Board of Directors approved a 12.5% increase in the semi-annual
cash dividend to $.09 per share from $.08 per share, payable on
both classes of its common stock. The cash dividend is payable on
July 15, 2021 to shareholders of record as of July 1, 2021. This
cash dividend represents HEICO’s 86th consecutive semi-annual cash
dividend since 1979.
(NOTE: HEICO has two classes of common stock traded on the
NYSE. Both classes, the Class A Common Stock (HEI.A) and the Common
Stock (HEI), are virtually identical in all economic respects. The
only difference between the share classes is the voting rights. The
Class A Common Stock (HEI.A) carries 1/10 vote per share and the
Common Stock (HEI) carries one vote per share.)
Laurans A. Mendelson, HEICO’s Chairman and Chief Executive
Officer, along with HEICO’s Co-Presidents, Eric A. Mendelson and
Victor H. Mendelson, commented, “This dividend recognizes HEICO’s
strong cash flow generation, coupled with our confidence in the
future, including for a sustained commercial air travel recovery.
Further, as is the case for all HEICO shareholders, the vast
majority of HEICO’s Team Members will directly benefit from the
dividend increase through their share ownership and we are deeply
grateful for our Team Members’ outstanding efforts, especially
during the COVID-19 Pandemic.”
Considering the impact of cash dividends, prior stock splits and
stock dividends, one share of HEICO worth $8.38 in 1990 has become
worth on a combined basis approximately $5,361, representing an
increase of approximately 640 times the 1990 value and a compound
annual growth rate of approximately 24% as of June 4, 2021.
HEICO Corporation is engaged primarily in the design,
production, servicing and distribution of products and services to
certain niche segments of the aviation, defense, space, medical,
telecommunications and electronics industries through its
Hollywood, Florida-based Flight Support Group and its Miami,
Florida-based Electronic Technologies Group. HEICO’s customers
include a majority of the world’s airlines and overhaul shops, as
well as numerous defense and space contractors and military
agencies worldwide, in addition to medical, telecommunications and
electronics equipment manufacturers. For more information about
HEICO, please visit our website at www.heico.com.
Certain statements in this press release constitute
forward-looking statements, which are subject to risks,
uncertainties and contingencies. HEICO's actual results may differ
materially from those expressed in or implied by those
forward-looking statements as a result of factors including: the
severity, magnitude and duration of the COVID-19 Pandemic; HEICO’s
liquidity and the amount and timing of cash generation; lower
commercial air travel caused by the COVID-19 Pandemic and its
aftermath, airline fleet changes or airline purchasing decisions,
which could cause lower demand for our goods and services; product
specification costs and requirements, which could cause an increase
to our costs to complete contracts; governmental and regulatory
demands, export policies and restrictions, reductions in defense,
space or homeland security spending by U.S. and/or foreign
customers or competition from existing and new competitors, which
could reduce our sales; our ability to introduce new products and
services at profitable pricing levels, which could reduce our sales
or sales growth; product development or manufacturing difficulties,
which could increase our product development and manufacturing
costs and delay sales; our ability to make acquisitions and achieve
operating synergies from acquired businesses; customer credit risk;
interest, foreign currency exchange and income tax rates; economic
conditions within and outside of the aviation, defense, space,
medical, telecommunications and electronics industries, which could
negatively impact our costs and revenues; and defense spending or
budget cuts, which could reduce our defense-related revenue.
Parties receiving this material are encouraged to review all of
HEICO's filings with the Securities and Exchange Commission,
including, but not limited to filings on Form 10-K, Form 10-Q and
Form 8-K. We undertake no obligation to publicly update or revise
any forward-looking statement, whether as a result of new
information, future events or otherwise, except to the extent
required by applicable law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210608005355/en/
Victor H. Mendelson (305) 374-1745 ext. 7590 Carlos L. Macau,
Jr. (954) 987-4000 ext. 7570
HEICO (NYSE:HEI.A)
Gráfico Histórico do Ativo
De Fev 2024 até Mar 2024
HEICO (NYSE:HEI.A)
Gráfico Histórico do Ativo
De Mar 2023 até Mar 2024