WestJet to boost dividend for shareholders, offer more legroom in premium seats

August 01, 2012 - 8:23 AM

CALGARY - WestJet Airlines Ltd. (TSX:WJA) will be hiking its quarterly dividend to shareholders by 33 per cent and offering passengers more legroom for a new class of premium seating.

The news came as the Calgary-based airline announced a big increase in second-quarter profit that hit a record $42.5 million or 31 cents per share.

WestJet's revenue was up 12.2 per cent from the same time last year, rising to $809.3 million.

The company says its quarterly dividend will increase to eight cents per share, up two cents per share, starting in late September.

News from © The Canadian Press, 2012

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