Home » AIRLINE NEWS » Cargojet Boosts Shareholder Value with 11.25% Dividend Increase for Q3 2024
Thursday, August 15, 2024
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The Board of Directors of Cargojet has announced an increased cash dividend of $0.35 per common voting share and variable voting share for the period from July 1, 2024, to September 30, 2024. This represents an 11.25% increase per share, equivalent to an additional $0.0354 from the previous quarter.
“This increase in the cash dividend reinforces our commitment to return value to our shareholders,” said Jamie Porteous, Co-Chief Executive Officer. “It is also consistent with our capital allocation plan to periodically increase cash returns to our shareholders”, said Pauline Dhillon, Co-Chief Executive Officer.
Shareholders of record as of September 20, 2024, will be eligible to receive the dividend, which is set to be paid on or before October 4, 2024. These dividends will qualify as eligible dividends under the Income Tax Act (Canada).
Cargojet, as Canada’s premier provider of time-sensitive premium air cargo services, connects all major cities across North America. With a robust fleet of 41 aircraft, the company transports over 25,000,000 pounds of cargo weekly, offering Dedicated, ACMI, and International Charter services. Cargojet’s relentless focus on operational excellence and network reliability continues to set industry standards, ensuring consistent and reliable delivery for its customers across the continent.
