Alaska Air Group Board of Directors Approves Quarterly Cash Dividend

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May 13, 2014, 05:00 ET

SEATTLE, May 13, 2014 /PRNewswire/ -- The board of directors of Alaska Air Group has approved a quarterly cash dividend of 25 cents per share to all shareholders of record as of May 23. The dividend will be paid on June 10.

The record and payment dates have been amended by consent action by the board from the original dates announced previously to meet NYSE requirements.

Air Group began paying a quarterly dividend of 20 cents per share in August 2013, the first time since 1992 that the company had paid a dividend. It was increased to 25 cents per share this past February. The dividends are financed from operating cash flow and existing cash on hand.

Alaska Airlines, a subsidiary of Alaska Air Group (NYSE: ALK), together with its partner regional airlines, serves nearly 100 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada and Mexico. For reservations, visit www.alaskaair.com. For more news and information, visit the Alaska Airlines Newsroom at www.alaskaair.com/newsroom.

SOURCE Alaska Air Group