HEICO Corporation Increases Cash Dividend By 9%
- 9% increase in semiannual dividend demonstrates financial strength and commitment to shareholder returns
- 94th consecutive semiannual dividend payment since 1979 shows consistent track record
- Management reports excellent results and promising outlook
- Employee 401K plan participants benefit from dividend through share ownership
- Forward-looking statements indicate potential risks from factors such as reduced commercial air travel
- Company faces challenges from inflation, cyber security risks, and potential customer credit issues
- Competitive pressures and governmental spending reductions could impact future sales
$.12 per share cash dividend declared
HOLLYWOOD, FL / ACCESS Newswire / June 11, 2025 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Board of Directors declared a $.12 per share semiannual cash dividend payable on all shares of its Class A Common Stock and its Common Stock. The amount is
The dividend is HEICO's 94th consecutive semiannual cash dividend since 1979.
The dividend is payable on July 15, 2025 to all shareholders of record on July 1, 2025.
Laurans A. Mendelson, HEICO's Executive Chairman, along with Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chief Executive Officers, remarked, "HEICO's results have been excellent and we are very excited about the Company's promising outlook. Accordingly, our Board of Directors continued its history of periodically increasing HEICO's dividend. All HEICO Team Members participating in the Company's 401K plan will share in the dividend through their share ownership in the plan, which recognizes our remarkable people."
HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at https://www.heico.com.
Certain statements in this press release constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed in or implied by those forward-looking statements. Factors that could cause such differences include, among others: the severity, magnitude and duration of public health threats, such as the COVID-19 pandemic; our liquidity and the amount and timing of cash generation; lower commercial air travel, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase to our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; cyber security events or other disruptions of our information technology systems could adversely affect our business; and our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals, and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; and economic conditions, including the effects of inflation, within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues. Parties receiving this material are encouraged to review all of HEICO's filings with the Securities and Exchange Commission including, but not limited to, filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
Contacts:
Victor H. Mendelson (305) 374-1745 ext. 7590
Carlos L. Macau, Jr. (954) 987-4000 ext. 7570
SOURCE: HEICO Corporation
View the original press release on ACCESS Newswire
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