AAR Corp. (NYSE: AIR) board of directors at its regularly scheduled meeting declared a quarterly cash dividend of USD0.075 per share to its stockholders.
The dividend will be payable on May 10, 2016, to stockholders of record as of the close of business on April 29, 2016. Future cash dividends will be subject to the approval of the Board of Directors.
AAR is a global aftermarket solutions company that employs more than 4,500 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR´s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; and component repair. AAR´s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions.