WELLINGTON, Fla.--(BUSINESS WIRE)--Feb. 23, 2015--
B/E Aerospace, Inc. (the “Company”) (NASDAQ: BEAV), the world’s leading
manufacturer of aircraft cabin interior products, today announced that
its Board of Directors declared a quarterly dividend of $0.19 per
outstanding share of the Company’s common stock. The dividend is payable
on April 3, 2015 to shareholders of record at the close of business on
March 9, 2015.
“We are pleased to declare the first dividend in the Company’s history,”
said Amin J. Khoury, Executive Chairman of B/E Aerospace. “This is the
first step in initiating our capital allocation policy geared toward
returning capital to shareholders and is consistent with our
expectations of strong and growing cash flows from operations.”
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements involve risks and uncertainties. The
Company’s actual experience and results may differ materially from the
experience and results anticipated in such statements. Factors that
might cause such a difference include those discussed in the Company’s
filings with the Securities and Exchange Commission (“SEC”), which
include its Proxy Statement, Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K. The declaration
and payment of future dividends are at the discretion of the Board of
Directors and will depend on the Company’s future earnings, capital
requirements, financial conditions, operating conditions, contractual
restrictions and such other factors as the Board of Directors may deem
relevant. For more information, see the section entitled
“Forward-Looking Statements” contained in the Company’s Annual Report on
Form 10-K and in other filings. The forward-looking statements included
in this news release are made only as of the date of this news release
and, except as required by federal securities laws and rules and
regulations of the SEC, the Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
About B/E Aerospace, Inc.
B/E Aerospace is the world’s leading manufacturer of aircraft cabin
interior products. B/E Aerospace designs, develops and manufactures a
broad range of products for both commercial aircraft and business jets.
B/E Aerospace manufactured products include aircraft cabin seating,
lighting systems, oxygen systems, food and beverage preparation and
storage equipment, galley systems, and modular lavatory systems. B/E
Aerospace also provides cabin interior reconfiguration, program
management and certification services. B/E Aerospace sells and supports
its products through its own global direct sales and product support
organization. For more information, visit the B/E Aerospace website at www.beaerospace.com.
Source: B/E Aerospace, Inc.
Greg Powell, 561-791-5000