Allegiant Air (ALGT) to Issue Quarterly Dividend of $0.70 on June 1st
Allegiant Air (NASDAQ:ALGT) announced a quarterly dividend on Thursday, April 26th, Wall Street Journal reports. Investors of record on Friday, May 18th will be paid a dividend of 0.70 per share by the transportation company on Friday, June 1st. This represents a $2.80 annualized dividend and a yield of 1.77%. The ex-dividend date is Thursday, May 17th.
Shares of ALGT stock opened at $158.20 on Wednesday. Allegiant Air has a one year low of $154.30 and a one year high of $159.75. The company has a market capitalization of $2.58 billion, a P/E ratio of 15.27, a P/E/G ratio of 0.46 and a beta of 0.08. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 1.64.
Allegiant Air (NASDAQ:ALGT) last announced its earnings results on Wednesday, April 25th. The transportation company reported $3.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.01 by $0.41. Allegiant Air had a return on equity of 32.61% and a net margin of 13.42%. The business had revenue of $425.44 million for the quarter, compared to analysts’ expectations of $424.10 million. During the same period in the prior year, the business posted $2.50 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. sell-side analysts anticipate that Allegiant Air will post 11.03 EPS for the current fiscal year.
In other Allegiant Air news, CEO Maurice J. Gallagher, Jr. sold 12,645 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $163.40, for a total value of $2,066,193.00. Following the transaction, the chief executive officer now directly owns 2,977,169 shares of the company’s stock, valued at $486,469,414.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Gregory Clark Anderson sold 1,650 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $178.25, for a total value of $294,112.50. Following the completion of the transaction, the senior vice president now directly owns 15,935 shares in the company, valued at $2,840,413.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,957 shares of company stock worth $3,106,935. Insiders own 22.00% of the company’s stock.
About Allegiant Air
Allegiant Travel Company, a leisure travel company, focuses on the provision of travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited frequency nonstop flights between under-served cities and leisure destinations.
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