HEICO Corporation (HEI) will raise its semi-annual dividend to $0.09 per share. The cash dividend will be paid on January 18, 2017 to shareholders of record as of January 4, 2017, marking HEICO’s 77th consecutive semi-annual cash dividend since 1979. 

The Company also noted that, given the strength in HEICO’s share prices and the Company’s history of stock splits and stock dividends, the Board of Directors intends to consider a stock split or stock dividend at its next regular meeting on March 17, 2017.  Historically, the Company has declared 14 stock splits or stock dividends since 1995.

Laurans A. Mendelson, HEICO’s Chairman and Chief Executive Officer, along with HEICO's Co-Presidents, Eric A. Mendelson and Victor H. Mendelson, remarked, “By raising the cash dividend, our Board of Directors’ goal is to confirm its continuing confidence in HEICO’s growth strategies and to continue to reward our shareholders, while retaining sufficient capital to fund our internal growth objectives and acquisition strategies.  Since 1990, HEICO has executed on a growth strategy which has consistently delivered superior returns and value to our shareholders.  Considering the impact of cash dividends, prior stock splits and stock dividends, one share of HEI worth $8.38 in 1990 has become worth on a combined basis approximately $1,417, representing an increase of approximately 169 times the 1990 value and a compound annual growth rate of approximately 22%.”

At the current stock price of $78.94 Heico has an estimated dividend yield of 0.2%. HEICO went public in 1960 and has paid a dividend every year since 1979.

HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group.HEICO was originally formed in 1957 as Heinicke Instruments to design and sell laboratory equipment.