Skywest raises dividend by 20% to 12 cents a share
Skywest Inc. said Wednesday it will raise its quarterly dividend to 12 cents a share, up 20% from 10 cents a share. The new dividend will be payable April 4 to shareholders of record on March 29. Based on Tuesday's stock closing price of $52.58, the new annual dividend rate implies a dividend yield of 0.91%, compared with the implied dividend of the S&P 500 of 2.05%, according to FactSet. Skywest's stock, which was still inactive in premarket trade, has lost 9.2% over the past three months, while the NYSE Arca Airline Index has gained 3.6% and the S&P 500 has slipped 0.6%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.