HEICO Corporation Declares Semi-Annual Cash Dividend; Sets Annual Meeting and Record Dates
HOLLYWOOD, Fla. and MIAMI, Dec. 13, 2011 (GLOBE NEWSWIRE) -- HEICO CORPORATION (HEI) (NYSE:HEI) today announced that its Board of Directors declared a regular semi-annual cash dividend of $.06 per share payable on both classes of common stock. The cash dividend is payable on January 19, 2012, to shareholders of record as of January 5, 2012.
The cash dividend represents HEICO's 67th consecutive semi-annual cash dividend since 1979.
Note: HEICO has two classes of common stock traded on the NYSE. Both classes, the Class A Common Stock (HEI.A) and the Common Stock (HEI), are virtually identical in all economic respects. The only difference between the share classes is the voting rights. The Class A Common Stock (HEI.A) receives 1/10 vote per share and the Common Stock (HEI) receives one vote per share. There are currently approximately 25.0 million shares of HEICO's Class A Common Stock (HEI.A) outstanding and 17.1 million shares of HEICO's Common Stock (HEI) outstanding. The stock symbols for HEICO's two classes of common stock on most web sites are HEI.A and HEI. However, some web sites change HEICO's Class A Common Stock stock symbol (HEI.A) to HEI/A or HEIa.
The Company also reported that its Annual Shareholders' Meeting will be held on March 26, 2012. Shareholders of record at the close of business on January 20, 2012 will be entitled to vote at the meeting.
HEICO Corporation is engaged primarily in certain niche segments of the aviation, defense, space, medical, telecommunication and electronic industries through its Hollywood, FL-based Flight Support Group and its Miami, FL-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and airmotives as well as numerous defense and space contractors and military agencies worldwide in addition to medical, telecommunication and electronic equipment manufacturers. For more information about HEICO, please visit our web site at http://www.heico.com.
CONTACT: Thomas S. Irwin (954) 987-4000 ext. 7560 Victor H. Mendelson (305) 374-1745 ext. 7590Source: HEICO Corporation 2011 GlobeNewswire, Inc.