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Thursday, July 24, 2014

RPT-American Air sets first dividend since 1980 as profit rises, (NASDAQ: AAL)

American Airlines Group said Thursday it will pay its first dividend since 1980 and purchase back stock as it reported improved second-quarter earnings.American, the largest airline by traffic, which was 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. It also planned a $1 billion share repurchase program and said it 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 0.38% or $0.165/share to $43.50. 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 8655704.