Air Lease Co. (NYSE:AL – Get Free Report) declared a quarterly dividend on Thursday, August 1st, Wall Street Journal reports. Shareholders of record on Friday, September 6th will be given a dividend of 0.21 per share by the transportation company on Wednesday, October 9th. This represents a $0.84 annualized dividend and a yield of 1.91%. The ex-dividend date is Friday, September 6th.
Air Lease has raised its dividend by an average of 9.9% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Air Lease has a dividend payout ratio of 18.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Air Lease to earn $7.97 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 10.5%.
Air Lease Stock Performance
Shares of Air Lease stock opened at $43.87 on Wednesday. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 1.00 and a beta of 1.59. The firm’s fifty day simple moving average is $46.32 and its 200-day simple moving average is $46.93. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.50 and a quick ratio of 0.50. Air Lease has a 12 month low of $33.33 and a 12 month high of $52.31.
Wall Street Analyst Weigh In
AL has been the topic of a number of analyst reports. Barclays decreased their target price on shares of Air Lease from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. TD Cowen started coverage on Air Lease in a research note on Monday, July 29th. They issued a “buy” rating and a $58.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their target price on Air Lease from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $54.75.
View Our Latest Stock Report on Air Lease
About Air Lease
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.
See Also
- Five stocks we like better than Air Lease
- Dividend Payout Ratio Calculator
- 3 Bargain-Priced Growth Stocks for Fall 2024
- How to invest in marijuana stocks in 7 steps
- 4 Stocks That Boosted Their Bottom Line with Beef
- How to Calculate Options Profits
- Nordstrom’s Winning Formula: 3 Factors Behind the Stock’s Success
Receive News & Ratings for Air Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Lease and related companies with MarketBeat.com's FREE daily email newsletter.