SeaTac-based Alaska Air Group Thursday announced it will begin issuing a quarterly cash dividend next month.
The airline holding company will pay shareholder of record on Aug. 6 a 20-cent-per-share dividend on Aug. 22.
The holding company owns Alaska Airlines and its sister carrier, Horizon Air. The dividend will be in addition the multi-year stock repurchase program the airline company has initiated.
Wall Street analysts, noting the airlines’ growing pile of cash in recent quarters have repeatedly quizzed the airline when it will begin distributing that money to shareholders in the form of a dividend. Until Thursday, Alaska’s answer has …