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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (16961)	9/17/2013 9:27:12 AM
From: Triffin	Read Replies (2) \| Respond to of 34328

AIRI boosts dividend payout by 100% =====BAY SHORE, NY--(Marketwired - Sep 17, 2013) - Air Industries Group (NYSE MKT: AIRI) Air Industries Group today announced that its Board of Directors has approved an increase in its quarterly cash dividends to its shareholders. A quarterly dividend of $0.125 per common share will be paid on October 15, 2013 to all shareholders of record as of the close of business on September 30, 2013. Future dividends will be subject to Board and Bank approval. Mr. Michael Taglich, Chairman of the Board of Air Industries Group commented: "Our Board is increasingly confident in the Company's position and we plan on paying annual dividends of $0.50 a share -- in quarterly installments -- as a matter of policy, so long as it is prudent and possible to do so. Through August 31, 2013, we have reduced our total debt by nearly $2.5 million and paid dividends of more than $700,000 and acquired Decimal Industries. We are excited about our internal growth opportunities. We acquired the business of Decimal Industries on July 1st and we will be pursuing other select acquisition opportunities that are strategic and accretive." Air Industries Group (NYSE MKT: AIRI) is an integrated manufacturer of precision components and provider of supply chain services for the aerospace and defense industry. The Company has over 40 years of experience in the industry and has developed leading positions in several important markets that have significant barriers to entry. With embedded relationships with many leading aerospace and defense prime contractors, the Company designs and manufactures structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts and flight controls. Air Industries Group also provides sheet metal fabrication, tube bending, and welding services. ===== This is a very thinly traded mini/micro cap aerospace component supplier company .. Indicated yield with the new payout is over 8% .. Might be worth adding to the Watch List if they can continue to execute on their biz plan .. A mini ESP in the making ?? Stock is around $6.10 per share .. Triff ..