Alaska Air Group (ALG) will raise its quarterly dividend by 60.0 percent to $0.20 per share in 2015. This comes after a 25.0 percent dividend hike by the company last year, marking the first dividend increase since a dividend was reinstated in 2013.

Alaska Air Group, Inc. is the parent company of Alaska Airlines, Inc., Virgin America Inc., and Horizon Air Industries, Inc. The company operates daily flights across the United States and to Mexico, Canada, Costa Rica and Cuba. The company has been paying a dividend to shareholders every year since 2013, when a quarterly distribution was reinstated. Previously Alaska Air also paid a quarterly dividend to shareholders until 1990.