Technology company Heico Corp. said Thursday that it would increase a previously announced special dividend by $1 per share after an enthusiastic reaction from shareholders.
The new special cash dividend will be $2.14, combined with a regular payment of six cents per share. A single $2.20 per share amount will be paid on or before Dec. 31.
Heico moved up the date of the regular dividend, which would have typically been paid in January, and declared the special payment because of tax increases expected in 2013.
The company, which has headquarters in Miami and Hollywood, makes replacement parts for airplanes and components for the space, defense, communications, medical and computer industries.