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

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

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

Shares of NYSE:AL opened at $64.68 on Friday. The company has a market capitalization of $7.23 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 0.56 and a beta of 1.13. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a fifty day moving average of $64.31 and a 200-day moving average of $62.80. Air Lease has a one year low of $38.25 and a one year high of $64.74.

Air Lease (NYSE:AL) last announced its earnings results on Thursday, February 12th. The transportation company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.74. Air Lease had a return on equity of 7.84% and a net margin of 35.08%.The company had revenue of $679.54 million for the quarter, compared to analyst estimates of $782.67 million. During the same period in the previous year, the firm earned $0.83 earnings per share. Air Lease’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, equities analysts anticipate that Air Lease will post 5.16 EPS for the current fiscal year.

About Air Lease

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.