The Board of Directors of Cargojet Inc. has declared a cash dividend of $0.2860 per common voting share and variable voting share for the period from April 1, 2022, to June 30, 2022, an increase of $0.0260 or 10.0% per share from the previous quarter. The dividends will be paid to all shareholders of record as at the close of business on June 20, 2022, and will be payable on or before July 5, 2022. These dividends will be eligible dividends within the meaning of the Income Tax Act (Canada).