Shares of Air T, Inc. (NASDAQ:AIRTP – Get Free Report) shot up 3.2% during mid-day trading on Thursday . The stock traded as high as $17.06 and last traded at $17.06. 390 shares traded hands during trading, a decline of 73% from the average session volume of 1,456 shares. The stock had previously closed at $16.52.
Air T Stock Performance
The company’s 50-day moving average price is $17.36 and its 200-day moving average price is $17.78.
Air T Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 11.73%. The ex-dividend date of this dividend was Tuesday, February 13th.
About Air T
Air T, Inc, through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx.
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