Air Lease Corporation (AL) to Issue Quarterly Dividend of $0.22 on April 7th

Air Lease Corporation (NYSE:AL) declared a quarterly dividend on Tuesday, February 10th. Shareholders of record on Monday, March 2nd will be given a dividend of 0.22 per share by the transportation company on Tuesday, April 7th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, March 2nd.

Air Lease has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 13 years. Air Lease has a dividend payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Air Lease to earn $7.28 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 12.1%.

Air Lease Stock Performance

NYSE:AL opened at $64.87 on Friday. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 0.54 and a beta of 1.13. Air Lease has a fifty-two week low of $38.25 and a fifty-two week high of $64.96. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a fifty day moving average price of $64.47 and a 200-day moving average price of $63.51.

Air Lease (NYSE:AL) last posted its quarterly earnings data on Thursday, February 12th. The transportation company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.74. Air Lease had a net margin of 35.72% and a return on equity of 8.54%. The business had revenue of $679.54 million during the quarter, compared to analysts’ expectations of $782.67 million. During the same quarter in the prior year, the business posted $0.83 earnings per share. Air Lease’s revenue was up 15.1% compared to the same quarter last year. As a group, equities analysts anticipate that Air Lease will post 5.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Zacks Research upgraded shares of Air Lease from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Weiss Ratings restated a “buy (b)” rating on shares of Air Lease in a research report on Wednesday, January 21st. Finally, Barclays reiterated an “equal weight” rating and issued a $65.00 target price (down from $68.00) on shares of Air Lease in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $59.60.

Air Lease Company Profile

Air Lease Corporation (NYSE: AL) is a leading aircraft leasing company that acquires commercial jet aircraft and leases them to airlines worldwide. The firm’s core business activities include direct aircraft acquisition, lease management and portfolio remarketing. By structuring sale‐and‐leaseback transactions, operating leases and secured loans, Air Lease provides flexible financing solutions that enable carriers to modernize their fleets without committing large amounts of capital to ownership.

Founded in 2010 and headquartered in Los Angeles, Air Lease Corporation serves a diverse customer base spanning North America, Europe, Asia, Latin America and the Middle East.