Air T, Inc. (NASDAQ:AIRTP) Announces Quarterly Dividend of $0.50

Air T, Inc. (NASDAQ:AIRTPGet Free Report) announced a quarterly dividend on Monday, January 22nd, Wall Street Journal reports. Stockholders of record on Wednesday, February 14th will be paid a dividend of 0.50 per share on Thursday, February 15th. This represents a $2.00 annualized dividend and a dividend yield of 10.36%. The ex-dividend date is Tuesday, February 13th.

Air T has raised its dividend by an average of 8.9% per year over the last three years.

Air T Stock Performance

NASDAQ:AIRTP opened at $19.30 on Monday. The stock’s 50 day moving average price is $17.50 and its 200 day moving average price is $19.33. Air T has a 52 week low of $14.69 and a 52 week high of $23.98.

Air T Company Profile

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Air T, Inc, through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx.

Further Reading

Dividend History for Air T (NASDAQ:AIRTP)

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