Air Lease Corporation (NYSE:AL) Declares Quarterly Dividend of $0.22

Air Lease Corporation (NYSE:AL) declared a quarterly dividend on Monday, November 3rd. Shareholders of record on Thursday, December 4th will be given a dividend of 0.22 per share by the transportation company on Thursday, January 8th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, December 4th.

Air Lease has raised its dividend payment 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 payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

AL traded down $0.07 during midday trading on Tuesday, reaching $63.80. 528,846 shares of the company’s stock were exchanged, compared to its average volume of 1,251,262. Air Lease has a 1-year low of $38.25 and a 1-year high of $64.30. The stock has a market capitalization of $7.13 billion, a PE ratio of 7.74, a P/E/G ratio of 0.66 and a beta of 1.37. The company has a debt-to-equity ratio of 2.47, a current ratio of 0.42 and a quick ratio of 0.42. The business’s 50-day moving average price is $63.30 and its 200 day moving average price is $58.38.

Air Lease (NYSE:AL) last released its quarterly earnings results on Monday, November 3rd. The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.16 by $0.05. Air Lease had a net margin of 34.04% and a return on equity of 7.99%. The business had revenue of $725.39 million for the quarter, compared to analyst estimates of $744.59 million. During the same period in the prior year, the business earned $0.82 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities analysts anticipate that Air Lease will post 5.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AL has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Air Lease in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft downgraded Air Lease from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research report on Wednesday, September 3rd. Barclays reiterated an “overweight” rating and set a $67.00 price objective (up previously from $56.00) on shares of Air Lease in a research report on Thursday, July 10th. TD Cowen downgraded shares of Air Lease from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, Cowen lowered shares of Air Lease from a “buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $60.29.

Air Lease Company Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.