Allegiant has announced a special one-time dividend of $2/share to shareholders of record as of November 30. The dividend will be paid on December 14.
The cost of the dividend payment is approximately $38 million. As of Sept 30, G4's balance sheet listed $357.1 million in cash and short-term investments.
The last time G4 issued a one-time dividend was on June 1, 2010, the amount of that payment was $0.75/share.
Allegiant currently has no plan to begin issuing a regular quarterly dividend.