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Friday, November 21, 2008

SKYW Increases Dividend

SkyWest increased its quarterly dividend by 33 percent to $.04 per common share after the November 12 meeting of its board which authorized the continuing repurchase of common stock.
The board cited its confidence in the company’s current business model and its financial strength, liquidity and ability to pay a regular quarterly dividend.
In addition, the company is resuming repurchasing of its common stock in the market under a currently authorized repurchase program by the Board of Directors. As of November 12, 2008, the company had an existing authorization to repurchase up to 5.5 million shares of its common stock and will continue to repurchase shares in the market, from time to time, as appropriate.

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