From Zacks Investment Research: 2025-06-13 10:34:00

HEICO Corporation (HEI) recently raised its dividend by 9% to 12 cents per share, payable on July 15 to shareholders of record on July 1. This marks the company’s 94th consecutive semiannual dividend and sets the new annualized rate at 24 cents per share, supported by strong defense demand and $407.7 million in operating cash flow. HEI’s consistent performance in generating cash flows and rising sales enable it to reward shareholders with valuable dividend hikes. Other defense companies like Northrop Grumman, General Dynamics, and L3Harris Technologies have also increased their dividend payouts. HEI stock has risen 12.8% in the past month compared to industry growth of 8.4%. HEICO currently holds a Zacks Rank #2 (Buy).



Read more at Zacks Investment Research: HEICO Rewards Shareholders With a 9% Increase in Dividend – June 13, 2025