Air T, Inc. (NASDAQ:AIRTP) Declares $0.50 Quarterly Dividend

Air T, Inc. (NASDAQ:AIRTP) announced a quarterly dividend on Wednesday, May 22nd, Wall Street Journal reports. Investors of record on Wednesday, May 14th will be given a dividend of 0.50 per share on Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 12.31%. The ex-dividend date of this dividend is Wednesday, May 14th.

Air T Price Performance

NASDAQ AIRTP opened at $16.25 on Thursday. Air T has a twelve month low of $14.69 and a twelve month high of $23.87. The business’s fifty day moving average is $17.02 and its 200 day moving average is $17.41.

Air T Company Profile

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.