Aercap Holdings N.V. (NYSE:AER – Get Free Report) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Wednesday, May 13th will be given a dividend of 0.40 per share by the financial services provider on Thursday, June 4th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, May 13th.
Aercap has a payout ratio of 12.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Aercap to earn $16.97 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 9.4%.
Aercap Price Performance
NYSE AER opened at $150.06 on Monday. The company has a market cap of $25.04 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. Aercap has a 52 week low of $105.65 and a 52 week high of $154.94. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.34. The firm’s 50-day simple moving average is $141.08 and its two-hundred day simple moving average is $140.10.
Aercap announced that its Board of Directors has authorized a stock buyback plan on Wednesday, April 29th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
About Aercap
AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.
Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
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