HEICO Corporation announced an 8% increase in its semiannual cash dividend to $0.13 per share, up from the prior $0.12 per share. The dividend is payable to shareholders of its Common Stock and Class A Common Stock. This declaration marks the 96th consecutive semiannual cash dividend declared by the company since 1979.

The dividend is scheduled for payment on July 15, 2026. To qualify for the payout, shareholders must be on the company's record books as of July 1, 2026.

Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and Co-Chief Executive Officers, attributed the increase to the company's financial results and the dedication of its team members. They noted that participants in the Company's 401K plan would share in this success through the dividend in their plan accounts.

Dividend Details

HEICO Corporation operates through its Flight Support Group and Electronic Technologies Group, focusing on niche segments of the aviation, defense, space, medical, telecommunications, and electronics industries.

HEICO Corporation has increased its existing unsecured revolving credit facility to $2.2 billion, a $200 million increase from the previous $2 billion limit, while extending the maturity date to 2031. The expanded facility provides the company with enhanced financial flexibility to pursue acquisitions and general business purposes, reinforcing its strategy of disciplined growth through over 110 acquisitions since 1996.

The new Facility is backed by a banking syndicate led by Joint Lead Arrangers Truist Bank, Bank of America, Wells Fargo, PNC, TD Bank, and Crédit Agricole. Other participating banks include Huntington, JPMorgan, RBC, and M&T Bank. The agreement includes an accordion feature that allows the Facility to be increased to $3 billion under certain conditions, providing additional runway for future opportunities.

Borrowings under the Facility will bear interest at the Secured Overnight Financing Rate (SOFR) plus an applicable margin ranging from 75 to 125 basis points. This pricing is indexed to HEICO's investment grade rating, reflecting the strength of its balance sheet and cash flow. The company emphasized that the low-cost, flexible capital structure supports accretive growth while maintaining conservative leverage.

Key Facility Details

Eric A. Mendelson and Victor H. Mendelson, Co-Chairmen and Co-Chief Executive Officers of HEICO, highlighted the strategic value of the expansion. They stated that the increased capacity allows the company to continue identifying and integrating great businesses, with continued support from lenders providing the flexibility to respond efficiently to market opportunities.

Carlos L. Macau, Jr., Executive Vice President and Chief Financial Officer, noted that extending the maturity to 2031 at attractive pricing underscores the strength of HEICO's financial position. He added that the capital structure is designed to fund growth while preserving the company's disciplined approach to leverage and operations.