Air France-KLM SA Plans Dividend of $1.56 (OTCMKTS:AFLYY)

Air France-KLM SA (OTCMKTS:AFLYYGet Rating) declared a dividend on Wednesday, June 22nd, investing.com reports. Stockholders of record on Thursday, June 30th will be paid a dividend of 1.5641 per share by the transportation company on Tuesday, June 28th. This represents a dividend yield of 49.65%. The ex-dividend date of this dividend is Wednesday, June 29th.

Shares of OTCMKTS:AFLYY opened at $3.10 on Thursday. Air France-KLM has a 12 month low of $2.74 and a 12 month high of $5.56. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.86 and a current ratio of 0.90. The company’s fifty day simple moving average is $3.85 and its 200 day simple moving average is $4.26.

Air France-KLM (OTCMKTS:AFLYYGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The transportation company reported ($1.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.26) by $0.21. The business had revenue of $4.99 billion during the quarter. Sell-side analysts expect that Air France-KLM will post -1.61 EPS for the current year.

AFLYY has been the subject of several research analyst reports. UBS Group reduced their target price on shares of Air France-KLM from €2.10 ($2.21) to €1.90 ($2.00) and set a “neutral” rating for the company in a report on Tuesday, June 7th. Morgan Stanley cut their price objective on shares of Air France-KLM from €2.02 ($2.13) to €1.70 ($1.79) in a report on Tuesday, May 31st. Berenberg Bank cut their price objective on shares of Air France-KLM from €3.10 ($3.26) to €1.10 ($1.16) and set a “sell” rating for the company in a report on Tuesday, June 7th. Citigroup boosted their price objective on shares of Air France-KLM from €4.20 ($4.42) to €4.40 ($4.63) in a report on Tuesday, April 26th. Finally, HSBC initiated coverage on shares of Air France-KLM in a report on Monday. They issued a “hold” rating for the company. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, Air France-KLM currently has a consensus rating of “Hold” and a consensus price target of $2.93.

Air France-KLM Company Profile (Get Rating)

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services on scheduled flights in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through Network, Maintenance, Transavia, and Other segments. It also offers airframe and engine maintenance services; component support services comprising electronic, mechanical, pneumatic, hydraulic, etc.; and other services, as well as operates point-to-point flights to/from the Netherlands and France.

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