Aircastle Limited (NYSE:AYR) Declares Quarterly Dividend of $0.32

Aircastle Limited (NYSE:AYR) announced a quarterly dividend on Wednesday, November 6th, Zacks reports. Investors of record on Friday, November 29th will be given a dividend of 0.32 per share by the transportation company on Friday, December 13th. This represents a $1.28 annualized dividend and a yield of 3.95%. The ex-dividend date is Wednesday, November 27th. This is a positive change from Aircastle’s previous quarterly dividend of $0.30.

AYR opened at $32.39 on Friday. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 10.22 and a beta of 1.50. Aircastle has a 52 week low of $15.75 and a 52 week high of $32.44. The business’s 50 day moving average is $24.16 and its two-hundred day moving average is $21.57.

Aircastle (NYSE:AYR) last released its quarterly earnings results on Tuesday, August 6th. The transportation company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The company had revenue of $223.42 million for the quarter, compared to analyst estimates of $212.47 million. Aircastle had a return on equity of 10.27% and a net margin of 22.31%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 earnings per share. On average, sell-side analysts predict that Aircastle will post 2 earnings per share for the current fiscal year.

Several brokerages have commented on AYR. Zacks Investment Research upgraded Aircastle from a “sell” rating to a “hold” rating in a research note on Monday. ValuEngine upgraded Aircastle from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upgraded Aircastle from an “underweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd. Cowen lowered Aircastle from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, Goldman Sachs Group upgraded Aircastle from a “sell” rating to a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Aircastle currently has an average rating of “Hold” and an average target price of $22.71.

Aircastle Company Profile

Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. As of December 31, 2018, its aircraft portfolio comprised 261 aircraft leased to 81 lessees located in 44 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.

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Dividend History for Aircastle (NYSE:AYR)

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