Allegiant Travel Company Announces a Special Dividend of $2 Per Share
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
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:
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:
Reference to the Company's website above does not constitute incorporation of
any of the information thereon into this news release.
The Allegiant Travel Company logo is available at
CONTACT: Media Inquiries: Brian Davis: firstname.lastname@example.org
Investor Inquiries: Christopher Allen: email@example.com
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