Alaska Air Group Board of Directors Approves Quarterly Cash Dividend

News provided by

Aug 07, 2014, 08:00 ET

SEATTLE, Aug. 7, 2014 /PRNewswire/ -- The board of directors of Alaska Air Group (NYSE: ALK) has approved a quarterly cash dividend of 12.5 cents per share to all shareholders of record as of Aug. 19, 2014. The dividend will be paid on Sept. 4.

Air Group began paying a quarterly dividend of 10 cents per share in August 2013, the first time since 1992 that the company had paid a dividend. The cash dividend was increased to 12.5 cents per share in February 2014. 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, serve 100 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada and Mexico. Alaska Airlines ranked "Highest in Customer Satisfaction Among Traditional Carriers" in the J.D. Power North American Airline Satisfaction Study for seven consecutive years from 2008 to 2014. Alaska Airlines' Mileage Plan also ranked highest in the J.D. Power 2014 Airline Loyalty/Rewards Program Satisfaction Report. For reservations, visit www.alaskaair.com. For more news and information, visit the Alaska Airlines/Horizon Air Newsroom at www.alaskaair.com/newsroom.

SOURCE Alaska Air Group