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updated: 4/23/2013 1:13 PM

AAR sets 7.5 cent per share dividend

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Wood Dale-bsased AAR Corp.'s board of directors declared a quarterly cash dividend of 7.5 cents per share to its stockholders.

The dividend will be paid on May 16 to stockholders of record as of the close of business on May 2. Future cash dividends will be subject to the approval of the board of directors, the company said.

AAR is a global aerospace and defense contractor that employs more than 6,000 people in 17 countries.

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