Air T, Inc. (AIRTP) to Issue Quarterly Dividend of $0.50 on November 17th

Air T, Inc. (NASDAQ:AIRTP) announced a quarterly dividend on Friday, May 24th, Wall Street Journal reports. Stockholders of record on Friday, November 14th will be given a dividend of 0.50 per share on Monday, November 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.37%. The ex-dividend date is Friday, November 14th.

Air T Stock Performance

Air T stock opened at $16.17 on Friday. The firm has a 50-day moving average of $16.96 and a 200-day moving average of $17.38. Air T has a 1-year low of $14.69 and a 1-year high of $23.87.

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.