AIR Global initiates $0.28 annual dividend and $100M buyback
- AIR Global (AIIR) announced the establishment of a formal capital return framework, plans to return capital through a combination of regular quarterly cash dividends and share repurchases, fully funded by its equity free cash flow generation.
- The board of directors approved an annual cash dividend of $0.28 per share for fiscal year 2027. The dividend will be distributed in quarterly installments starting with the Q1 2027 financial release in May 2027.
- AIR intends to execute up to $100M in share repurchases through December 2029, subject to market conditions, regulatory approvals, and capital needs.
- Backed by anticipated growth in Adjusted EBITDA, AIR expects net leverage to decline steadily over time, targeting a net leverage ratio at or below 2.0x by December 2027.
- See AIIR Dividend Scorecard, Yield Chart, & Dividend Growth.
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