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SkyWest Declares 72nd Consecutive Quarterly Dividend

Passenger airline operator SkyWest (NASDAQ: SKYW  ) announced today its third-quarter dividend of $0.04 per share, the same rate it's paid since 2008.

The board of directors said the quarterly dividend is payable on July 5 to the holders of record at the close of business on June 28. The payout by the airline operator, which owns SkyWest Airlines and ExpressJet Airlines, will be its 72nd consecutive quarterly dividend payment.

SkyWest Airlines operates as United Express, Delta Connection, and American Eagle under contractual agreements with United Continental's United Airlines, Delta Airlines, and AMR's American Airlines. It also has contractual agreements with US Airways and Alaska Air.

The regular dividend payment equates to a $0.16-per-share annual dividend, yielding 1.1% based on the closing price of SkyWest's stock on June 14.

SKYW Dividend Chart

SKYW Dividend data by YCharts.

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Rich Duprey
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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.

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