Hawaiian Holdings Inc. (HA) will start paying a quarterly dividend of $0.12 per share.

The first dividend will be paid on November 30, 2017 to shareholders of record on November 17, 2017.

"Today's announcement underscores our commitment to building long-term shareholder value," said Hawaiian Airlines President and CEO Mark Dunkerley. "This dividend program reflects our confidence in the strength of our business, future growth potential, and continued free cash flow generation. Hawaiian's strong financial results have allowed us to grow the business profitably while strengthening our balance sheet.  The decision to initiate a quarterly dividend is the natural next step to increase returns to our shareholders." 

"We are fundamentally a stronger company today than we were just a few years ago," said Executive Vice President and Chief Financial Officer Shannon Okinaka.  "Today's announcement is part of our disciplined approach to capital deployment that will balance continued investment in our business with a sustained return to shareholders."

Based on a stock price of $40.30 the indicated dividend yield is 1.2%.

Hawaiian Holdings, Inc. is engaged in the scheduled air transportation of passengers and cargo for  the Hawaiian Islands and certain cities in the United States, the South Pacific, Australia, New Zealand and Asia.