Avation PLC (AVAP) to Issue Dividend of GBX 0.50 on December 23rd

Avation PLC (LON:AVAP) announced a dividend on Monday, November 18th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, November 28th will be given a dividend of GBX 0.50 ($0.01) per share on Monday, December 23rd. This represents a yield of 0.29%. The ex-dividend date of this dividend is Thursday, November 28th. This is a boost from Avation’s previous dividend of $0.02. The official announcement can be seen at this link.

Avation Stock Performance

Shares of LON AVAP opened at GBX 167 ($2.10) on Tuesday. The company has a market capitalization of £118.37 million, a P/E ratio of 795.24, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17. The business’s 50-day moving average price is GBX 156.64 and its two-hundred day moving average price is GBX 141.39. The company has a debt-to-equity ratio of 263.30, a current ratio of 1.39 and a quick ratio of 1.33. Avation has a one year low of GBX 102.80 ($1.29) and a one year high of GBX 192 ($2.41).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their target price on Avation from GBX 280 ($3.52) to GBX 255 ($3.20) and set a “buy” rating on the stock in a report on Thursday, September 26th.

About Avation

Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide. The company's fleet includes 13 narrow-body jets, two twin-aisle jets, and 21 ATR 72 twin-engine turboprop aircraft. As of June 30, 2023, the company owned and managed a fleet of 36 aircraft.