Bristow Group Lifts Dividend 25%

Helicopter operator has raised dividend twice in two years.

By Rich Duprey – May 21, 2013 at 2:13PM EST

Energy industry helicopter service provider Bristow Group (BRS +0.00%) announced yesterday its first-quarter dividend of $0.25 per share, a 25% increase from the $0.20-per-share payment it made last quarter.

The board of directors said the quarterly dividend is payable on June 14 to the holders of record at the close of business on May 31. The chopper flyer has paid a dividend every quarter since 2011.

Bristow Group CEO William E. Chiles said: "The Board's decision to increase our quarterly dividend 33 percent in fiscal year 2013 and 25 percent this fiscal year reflects management's commitment to deliver a solid return to our shareholders."

The new dividend payment equates to a $1.00-per-share annual dividend yielding 1.5% based on the closing price of Bristow Group's stock on May 20.

BRS Dividend data by YCharts. Chart does not reflect just-announced payment.

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. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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Bristow Group Lifts Dividend 25%

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