LAS VEGAS, Nov. 13, 2012 (GLOBE NEWSWIRE) -- The Board of Directors of Allegiant Travel Company (Nasdaq:ALGT) today declared a special dividend of $2 per share on its outstanding shares of Common Stock. This dividend will be payable on December 14, 2012 to stockholders of record at the close of business on November 30, 2012.
"This action demonstrates our commitment to returning cash to shareholders," stated Maurice J. Gallagher, Jr., Chairman and CEO of Allegiant Travel Company. "The Board felt that it was appropriate at this time to issue this $2 dividend because of the strength of our performance, our healthy cash balances, and our ability to grow the company through strong cash flows from operations. The Board, while not committing to a regular dividend payment, will, however, consider cash dividends in the future as circumstances warrant."
Allegiant, Travel is our deal.®
Las Vegas-based Allegiant Travel Company® (Nasdaq:ALGT) is focused on linking travelers in small cities to world-class leisure destinations. Through its subsidiary, Allegiant Air, the company operates a low-cost, high-efficiency, all-jet passenger airline, and its subsidiary Allegiant Vacations offers other travel-related products such as hotel rooms, rental cars, and attraction tickets through its website, allegiant.com. The company has been named one of America's 100 Best Small Companies by Forbes Magazine for four consecutive years. For downloadable press kit, including photos, visit: http://gofly.us/SQmY7O.
Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.
For further information please visit the company's investor website: http://ir.allegiantair.com
Reference to the Company's website above does not constitute incorporation of any of the information thereon into this news release.
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Source:Allegiant Travel Company