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SkyWest, Inc. Increases Quarterly Dividend 33% and Resumes Repurchasing Its Common Stock in the Market |
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SkyWest, Inc. (NASDAQ: SKYW) announced today that at the Company's Board of Directors meeting on November 12, 2008, the board approved a 33% increase in the quarterly cash dividend to $.04 per common share. |
The quarterly dividend of $.04 per common share will apply to shareholders of record on December 31, 2008, and is payable on January 5, 2009. The board increased the quarterly cash dividend as a result of its confidence in the Company's current business model and due to the Company's financial strength, liquidity and ability to pay a regular quarterly dividend.
In addition, the Company announced that it has resumed repurchasing of its common stock in the market under a currently authorized repurchase program by the Board of Directors. As of November 12, 2008, the Company had an existing authorization to repurchase up to 5.5 million shares of its common stock and will continue to repurchase shares in the market, from time to time, as it deems appropriate.
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