Published January 21, 2016 8:10am EST | Updated January 21, 2016 10:05am EST

Alaska Air Group Increases Quarterly Dividend

Alaska Air Group said Thursday that it would increase its quarterly dividend by 38% to pay 27.5 cents per share. The dividend will be paid on March 8, 2016 to shareholders as of Feb. 23, 2016. Alaska Air Group shares were up 1% in pre-market trade Thursday. Shares of Alaska Air Group have fallen 10% in the past three months, compared to the S&P 500's decline of 8%.