HEICO raises semiannual dividend by 9% to 12 cents per share

HOLLYWOOD, FL - HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) announced Wednesday its Board of Directors has declared a semiannual cash dividend of 12 cents per share on both its Class A Common Stock and Common Stock, representing a 9% increase from the previous dividend of 11 cents per share. According to InvestingPro data, HEICO has maintained dividend payments for 50 consecutive years and raised them for 7 straight years.

The dividend will be payable on July 15, 2025, to shareholders of record as of July 1, 2025, according to a press release statement from the aviation, defense and electronics company.

This marks HEICO’s 94th consecutive semiannual cash dividend since 1979.

"HEICO’s results have been excellent and we are very excited about the Company’s promising outlook," said Laurans A. Mendelson, HEICO’s Executive Chairman, along with Co-Chief Executive Officers Eric A. Mendelson and Victor H. Mendelson in a joint statement. The company’s strong performance is reflected in its 17.74% revenue growth and impressive YTD return of 26.18%, though InvestingPro analysis suggests the stock is currently trading above its Fair Value.

The company noted that employees participating in its 401K plan will benefit from the dividend through their share ownership in the plan.

HEICO Corporation specializes in designing, producing, servicing and distributing products for niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Flight Support Group based in Hollywood, Florida, and its Electronic Technologies Group headquartered in Miami, Florida. With a strong current ratio of 3.43 and moderate debt levels, InvestingPro rates HEICO’s overall financial health as "GREAT" - discover 18 additional ProTips and comprehensive analysis in the Pro Research Report.

The company serves a diverse customer base that includes most of the world’s airlines and overhaul shops, as well as defense and space contractors, military agencies, and medical, telecommunications and electronics equipment manufacturers.

In other recent news, HEICO reported impressive financial results for the second quarter of fiscal year 2025, with earnings per share (EPS) of $1.12, surpassing the consensus estimate of $1.03. The company’s total revenue increased by 15% year-over-year, exceeding market expectations by 4%, driven by approximately 11% organic growth. The Flight Support Group (FSG) stood out with a 14% organic growth and operating margins of 24.1%, contributing significantly to the company’s performance. Analysts from RBC Capital, Truist Securities, Jefferies, and Vertical Research have all raised their price targets for HEICO, reflecting confidence in the company’s continued growth trajectory. RBC Capital increased its target to $315, Truist Securities to $323, Jefferies to $340, and Vertical Research to $320, each maintaining a positive outlook on the stock. Meanwhile, S&P Global Ratings revised its outlook for The Heico Cos. LLC to negative due to high leverage, maintaining a ’BBB-’ credit rating. Challenges in the Metal Processing Group (MPG) and Industrial Technologies Group (ITG) segments have contributed to this outlook, with leverage expected to remain high through 2025. Despite these challenges, growth is anticipated in HEICO’s other segments, including aerospace and defense, construction solutions, and aftermarket parts and services.

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