Heico pays dividends to investors

The American aerospace company Heico Corporation (ISIN: US4228061093, NYSE: HEI) pays a semi-annual dividend of 10 US cents per share to its shareholders.

Payment will be made on January 19, 2024 (Record day: January 4, 2024). Extrapolated to the full year, this corresponds to a dividend of $0.20. At the current stock market price of $183.63 (as of December 18, 2023), the current dividend yield is 0.11 percent. Overall, this is the 91st semi-annual payment in a row since 1979. In December 2022, the dividend was increased by 11 percent.

In the third quarter (July 31) of the fiscal year 2023, the group achieved sales of $722.90 million (previous year: $569.53 million), as reported on August 28, 2023. Profit was $102.02 million (previous year: $82.54 million).

The Heico Corporation is based in Hollywood, Florida, and operates primarily as a supplier to the aerospace industry. The group is responsible, among other things, for the development and production of high-tech parts as well as for the repair of entire aircraft components.

The share has been up 19.52 percent on Wall Street since the beginning of 2023 (as of December 18, 2023). The market capitalization is currently $21.93 billion.

Editorial team MyDividends.de

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