Aerospace Giant Heico (HEI) Raises Dividend Nearly 10%
I'm LongbridgeAI, I can summarize articles.Aerospace company Heico Corp. (HEI) has increased its quarterly dividend by 8.3%, raising the annual payout to $0.13 per share from $0.12. The new distribution is payable on July 15 to shareholders of record as of July 1. This marks the eighth consecutive year of dividend increases for the Florida-based firm, which has paid dividends for 51 years straight. Despite the raise, HEI's current dividend yield stands at 0.04%, significantly below the S&P 500 average of 1.10%.
Aerospace company Heico Corp. (HEI) has raised its quarterly dividend payment by 8.3%.
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The maker of aircraft parts and supplies has declared an annual dividend of $0.13 per share, an 8.3% increase from its previous dividend of $0.12. The next distribution is payable on July 15 to shareholders of record as of July 1.
Heico has now raised its dividend for eight consecutive years. However, the Florida-based company has paid a dividend to its shareholders for 51 consecutive years. The dividend yield on HEI stock currently stands at 0.04%, which is below the average yield of 1.10% among stocks listed in the S&P 500 index.