Niche technology company Heico Corp. said Tuesday that its board of directors declared a special dividend in addition to the regular $.06 per share semi-annual dividend.
The cash payments — which total $1.20 per share — will be made Dec. 21.
Heico, which has headquarters in Miami and Hollywood, said the dividends were declared because of expected tax increases in 2013. The regular six-cent per share dividend would have normally been paid in January.
The company makes replacement parts for airplanes and components for the space, defense, communications, medical and computer industries.