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.
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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