AeroCentury Corp. (NYSEAMERICAN:ACY) Declares Dividend of $0.65

AeroCentury Corp. (NYSEAMERICAN:ACY) announced a dividend on Wednesday, September 22nd, Fidelity reports. Investors of record on Thursday, September 30th will be given a dividend of 0.6468 per share on Wednesday, October 13th. The ex-dividend date is Wednesday, September 29th.

Shares of ACY stock traded up $11.57 on Thursday, reaching $53.88. The company had a trading volume of 352,213 shares, compared to its average volume of 1,786,999. The firm has a market capitalization of $83.51 million, a PE ratio of -3.07 and a beta of 4.22. AeroCentury has a one year low of $1.50 and a one year high of $53.94. The firm has a 50-day simple moving average of $4.33.

In other news, Director Evan M. Wallach sold 1,770 shares of the company’s stock in a transaction that occurred on Friday, September 3rd. The stock was sold at an average price of $28.77, for a total value of $50,922.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Gerhard Magnusson sold 3,323 shares of the company’s stock in a transaction that occurred on Tuesday, September 7th. The shares were sold at an average price of $29.25, for a total value of $97,197.75. The disclosure for this sale can be found here. Insiders sold 20,791 shares of company stock valued at $601,251 in the last three months. Company insiders own 22.60% of the company’s stock.

About AeroCentury

AeroCentury Corp. engages in the business of investing in used regional aircraft equipment leased to foreign and domestic regional air carriers. Its aviation assets consist of turboprop aircraft, regional jet aircraft, and engines. The company was founded in 1997 and is headquartered in Burlingame, CA.

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