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Thursday, July 24, 2014

American Airlines declares 1st dividend since 1980 as profit rises, (NASDAQ: AAL)

American Airlines Group Inc said on Thursday it will pay its first dividend since 1980 and purchase back stock as it reported higher second-quarter earnings. American, the largest airline by traffic, formed from the late-2013 merger of US Airways and AMR Corp, declared a dividend of 10 cents a share for shareholders of record Aug. 4. American also said it planned a $1 billion share repurchase program and would make additional pension contributions.The carrier reported net income rose to $864 million, or $1.17 a diluted share, from $220 million, or 79 cents a share, a year earlier, when the company was not merged.On a combined basis, American said net profit excluding charges was $1.5 billion, compared with $681 million for the year-earlier period.

Anglo American plc (Anglo American) is a mining company. Shares of AAL traded higher by 2.24% or $0.95/share to $43.33. In the past year, the shares have traded as low as $15.28 and as high as $44.88. On average, 12279700 shares of AAL exchange hands on a given day and today's volume is recorded at 10619667.