OREANDA-NEWS. HEICO CORPORATION (NYSE:HEI.A) (NYSE:HEI) today announced that its Board of Directors declared a regular semi-annual cash dividend of $.08 per share payable on both classes of common stock.  The cash dividend is payable on July 19, 2016 to shareholders of record as of July 5, 2016.  In December 2015, the cash dividend was increased by 14%.

Laurans A. Mendelson, HEICO’s Chairman and Chief Executive Officer, along with the Company’s Co-Presidents, Eric A. Mendelson and Victor H. Mendelson remarked, “By declaring this regular semi-annual cash dividend, our Board of Directors’ goal is to confirm its continuing confidence in HEICO’s growth strategies and to continue to reward our shareholders, while retaining sufficient capital to fund our internal growth objectives and acquisition strategies.” 

Since 1990, HEICO has executed on a growth strategy which has consistently delivered superior returns and value to our shareholders.  Considering the impact of cash dividends, prior stock splits and stock dividends, one share of HEI worth $8.38 in 1990 has become worth on a combined basis approximately $1,154 today representing an increase of approximately 138 times the 1990 value and a compound annual growth rate of 21%.

Note: HEICO has two classes of common stock traded on the NYSE.  Both classes, the Class A Common Stock (HEI.A) and the Common Stock (HEI), are virtually identical in all economic respects.  The only difference between the share classes is the voting rights.  The Class A Common Stock (HEI.A) receives 1/10 vote per share and the Common Stock (HEI) receives one vote per share.  There are currently approximately 40.1 million shares of HEICO’s Class A Common Stock (HEI.A) outstanding and 27.0 million shares of HEICO’s Common Stock (HEI) outstanding.  The stock symbols for HEICO’s two classes of common stock on most web sites are HEI.A and HEI.  However, some web sites change HEICO’s Class A Common Stock stock symbol (HEI.A) to HEI/A or HEIa.

HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group.  HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers.