Allegiant Travel Company (ALGT)
Allegiant Travel Company (ALGT) is a travel and leisure company primarily engaged in operating low-cost, point-to-point airline services in the United States. Founded in 1997, the company offers scheduled flights, along with ancillary travel-related services such as hotel and car rental bookings, aiming to provide affordable travel options to leisure travelers. Its business model focuses on serving secondary airports and maintaining a lean operational approach to keep costs low.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| June 3, 2024 | $0.60 | 2024-05-14 | 2024-05-15 |
| March 1, 2024 | $0.60 | 2024-02-14 | 2024-02-15 |
| December 1, 2023 | $0.60 | 2023-11-14 | 2023-11-15 |
| September 1, 2023 | $0.60 | 2023-08-14 | 2023-08-15 |
| March 12, 2020 | $0.70 | 2020-02-28 | 2020-03-02 |
Dividends Summary
- Allegiant Travel Company has issued 30 dividend payments over the past 14 years
- The most recent dividend was paid 506 days ago, on June 3, 2024
- The highest dividend payed out to investors during this period was $2.50 per share
- The average dividend paid during this period was $0.80 per share.
Company News
Allegiant Travel, a leisure travel company, has received mixed analyst ratings with an average 12-month price target of $61.29. The company shows positive revenue growth and effective asset utilization, but faces challenges with profitability and return on equity.
Airline stocks have been performing well recently, with United Airlines and others enjoying double-digit returns. This is due to positive trading updates and third-quarter guidance upgrades in the sector, indicating improving revenue per available seat mile (RASM) and more rational capacity management.
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