Allegiant Travel Company (ALGT) will suspend its quarterly dividend in 2020 because of COVID-19. In 2016 the company last raised its quarterly dividend with a 133.3 percent hike to $0.70 quarterly.
Las Vegas-based Allegiant Travel Company is a leisure travel company focused on providing travel services and products to residents of small cities in the United States. The airline offers industry-low fares on an all-jet fleet while also offering other travel-related products such as hotel rooms, rental cars and attraction tickets. Allegiant Travel Company had been paying a dividend every year since 2015 prior to the suspension in 2020.