Air Lease Corp (AL) Declares Quarterly Dividend of $0.13

Air Lease Corp (NYSE:AL) declared a quarterly dividend on Friday, May 10th, Wall Street Journal reports. Shareholders of record on Wednesday, June 5th will be paid a dividend of 0.13 per share by the transportation company on Thursday, July 11th. This represents a $0.52 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, June 4th.

Air Lease has raised its dividend payment by an average of 35.7% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Air Lease has a payout ratio of 11.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Air Lease to earn $6.69 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 7.8%.

NYSE AL traded up $0.76 during trading on Friday, hitting $38.90. 1,507,264 shares of the company’s stock were exchanged, compared to its average volume of 937,786. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.40. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 0.96 and a beta of 2.04. Air Lease has a fifty-two week low of $28.13 and a fifty-two week high of $47.34.

Air Lease (NYSE:AL) last issued its earnings results on Thursday, May 9th. The transportation company reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.01. The firm had revenue of $466.00 million during the quarter, compared to the consensus estimate of $456.91 million. Air Lease had a return on equity of 11.45% and a net margin of 30.41%. The business’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.38 earnings per share. On average, sell-side analysts predict that Air Lease will post 5.55 earnings per share for the current year.

Several research analysts have commented on the company. Zacks Investment Research downgraded Air Lease from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. ValuEngine raised Air Lease from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 11th. Goldman Sachs Group assumed coverage on Air Lease in a research note on Monday, April 8th. They set a “buy” rating and a $52.00 target price for the company. Finally, TheStreet raised Air Lease from a “c+” rating to a “b-” rating in a research note on Wednesday, January 30th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $55.56.

COPYRIGHT VIOLATION NOTICE: This article was originally posted by WKRB News and is the sole property of of WKRB News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://www.wkrb13.com/2019/05/10/air-lease-corp-al-declares-quarterly-dividend-of-0-13.html.

About Air Lease

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines.

Further Reading: What strategies should day traders use to execute a trade?

Dividend History for Air Lease (NYSE:AL)

Receive News & Ratings for Air Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Lease and related companies with MarketBeat.com's FREE daily email newsletter.