TransDigm declares special cash dividend

Board of directors of TransDigm Group Incorporated (NYSE: TDG) has authorized and declared a special cash dividend of USD24.00 on each outstanding share of common stock, the company said.

The record date for the special dividend is October 24, 2016, and the payment date for the dividend is November 1, 2016.

TransDigm Group Incorporated, through its wholly owned subsidiaries, is a designer, producer and supplier of aircraft components for use on commercial and military aircraft. Major product offerings are provided to end-users in the aerospace industry.