AAR Corp. (NYSE:AIR) Plans $0.08 Quarterly Dividend

AAR Corp. (NYSE:AIR) declared a quarterly dividend on Tuesday, July 9th, RTT News reports. Shareholders of record on Friday, July 19th will be given a dividend of 0.075 per share by the aerospace company on Wednesday, July 31st. This represents a $0.30 annualized dividend and a yield of 0.77%.

AAR has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AAR to earn $2.73 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 11.0%.

NYSE AIR opened at $38.90 on Wednesday. The stock has a market cap of $1.33 billion, a PE ratio of 21.73 and a beta of 1.17. The company’s 50 day moving average price is $33.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.76 and a quick ratio of 1.33. AAR has a 1-year low of $29.84 and a 1-year high of $51.52.

Several equities analysts have weighed in on AIR shares. Canaccord Genuity restated a “buy” rating and set a $48.00 price target on shares of AAR in a report on Wednesday, March 20th. Stifel Nicolaus started coverage on AAR in a report on Monday. They set a “buy” rating and a $50.00 price target for the company. ValuEngine cut AAR from a “sell” rating to a “strong sell” rating in a report on Saturday, May 18th. Finally, Zacks Investment Research upgraded AAR from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $49.57.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

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Dividend History for AAR (NYSE:AIR)

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