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

Air Lease Corporation (NYSE:AL) announced a quarterly dividend on Thursday, February 12th. Investors 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) annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, March 2nd.

Air Lease has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Air Lease has a payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. 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 Down 0.0%

AL opened at $64.68 on Friday. The company has a fifty day moving average of $64.31 and a two-hundred day moving average of $62.80. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 0.56 and a beta of 1.13. Air Lease has a fifty-two week low of $38.25 and a fifty-two week high of $64.74. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.43 and a current ratio of 0.43.

Air Lease (NYSE:AL) last posted its earnings results on Thursday, February 12th. The transportation company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.74. Air Lease had a net margin of 35.08% and a return on equity of 7.84%. The business had revenue of $679.54 million for the quarter, compared to analyst estimates of $782.67 million. During the same period in the prior year, the company posted $0.83 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, research analysts expect that Air Lease will post 5.16 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the company. Barclays reissued an “equal weight” rating and issued a $65.00 price objective (down from $68.00) on shares of Air Lease in a report on Tuesday, January 6th. Zacks Research raised shares of Air Lease from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Air Lease in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Air Lease currently has an average rating of “Hold” and a consensus price target of $59.17.

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.