21-May-2014 Source: Bristow Group
Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, announced today that its Board of Directors has approved a 28 percent increase in the company’s dividend, resulting in a quarterly dividend of $0.32per share, up from $0.25 per share previously.
The dividend will be payable on June 19, 2014 to stockholders of record at the close of business on June 5, 2014 (the “Record Date”). There were 35,585,384 shares of Bristow’s common stock issued and outstanding as ofMay 16, 2014.
“We continued to generate strong operating cash flows in fiscal year 2014 that enabled us to make significant capital expenditures, record stock repurchases, and also increase our quarterly dividend for the third consecutive year and more than double it since initiation in fiscal year 2011,” said William E. Chiles, President and Chief Executive Officer of Bristow Group. “These actions reflect our Board’s confidence in our proven business model and future prospects and their commitment to deliver a balanced return to our shareholders.”
ABOUT BRISTOW GROUP INC.
Bristow Group Inc. (NYSE: BRS) is the leading provider of helicopter services to the worldwide offshore energy industry based on the number of aircraft operated and one of two helicopter service providers to the offshore energy industry with global operations. The Company has major transportation operations in the North Sea, Nigeria and the U.S. Gulf of Mexico, and in most of the other major offshore oil and gas producing regions of the world, includingAustralia, Brazil, Canada, Russia and Trinidad. For more information, visit the Company’s website at www.bristowgroup.com.