MISSISSAUGA, ON, May 9, 2022 /CNW/ – the Board of Directors of Cargojet Inc. has declared a cash dividend of $0.2860 per common voting share and variable voting share for the period from April 1, 2022, to June 30, 2022, an increase of $0.0260 or 10.0% per share from the previous quarter.

“This increase in the cash dividend reinforces our commitment to return value to our shareholders,” said Dr. Ajay Virmani, President and Chief Executive Officer.  “It is also consistent with our capital allocation plan to periodically increase cash returns to our shareholders”, he added.

The dividends will be paid to all shareholders of record as at the close of business on June 20, 2022, and will be payable on or before July 5, 2022.  These dividends will be eligible dividends within the meaning of the Income Tax Act (Canada).

Cargojet is Canada’s leading provider of time sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 32 aircraft.