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

Air T, Inc. (NASDAQ:AIRTP) announced a quarterly dividend on Monday, January 22nd, Wall Street Journal reports. Shareholders of record on Wednesday, May 14th will be paid a dividend of 0.50 per share on Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 11.46%. The ex-dividend date of this dividend is Wednesday, May 14th.

Air T Trading Down 0.8%

Air T stock opened at $17.45 on Monday. The company has a 50 day moving average of $16.98 and a 200-day moving average of $17.19. Air T has a twelve month low of $14.37 and a twelve month high of $19.99.

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.