St. George, Utah-based SkyWest, Inc. (NASDAQ: SKYW) board of directors has declared a quarterly dividend of USD 0.08 per share, which will be paid on April 6, 2017 to shareholders of record at the close of business on March 31, 2017.
Additionally, the board has authorized the repurchase of up to USD 100m of SkyWest common stock over the next three years. SkyWest is authorized to repurchase shares at prevailing market prices in the open market, in privately negotiated transactions or by other means in accordance with federal securities laws.
Depending on market conditions and other factors, these purchases may commence or be suspended from time to time without prior notice. The actual timing, number and value of shares repurchased will be determined by SkyWest management in its discretion.
SkyWest is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest´s airline companies provide commercial air service in cities throughout North America with approximately 3,100 daily flights carrying nearly 54 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines, and Alaska Airlines. ExpressJet Airlines operates through partnerships with United Airlines, Delta Air Lines, and American Airlines. The company has more than 19,000 employees.