Bristow Group Lifts Dividend 25%
Energy industry helicopter service provider Bristow Group 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.
The article Bristow Group Lifts Dividend 25% originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.