Air Lease Co. (NYSE:AL) to Issue Quarterly Dividend of $0.22

Air Lease Co. (NYSE:AL) declared a quarterly dividend on Tuesday, February 11th, RTT News reports. Investors of record on Tuesday, March 18th will be given a dividend of 0.22 per share by the transportation company on Monday, April 7th. This represents a $0.88 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Tuesday, March 18th.

Air Lease has increased its dividend by an average of 8.5% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Air Lease has a dividend payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 3.4 %

NYSE:AL opened at $46.03 on Friday. The business has a 50 day simple moving average of $46.68 and a 200 day simple moving average of $46.60. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market capitalization of $5.13 billion, a P/E ratio of 13.82, a P/E/G ratio of 1.33 and a beta of 1.60. Air Lease has a 12-month low of $39.43 and a 12-month high of $52.31.

Air Lease (NYSE:AL) last announced its earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. Equities research analysts predict that Air Lease will post 5.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AL shares. UBS Group set a $50.00 price objective on Air Lease in a research note on Friday, March 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $65.00 price target on shares of Air Lease in a report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on Air Lease from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Bank of America downgraded Air Lease from a “buy” rating to an “underperform” rating and lowered their target price for the company from $72.00 to $50.00 in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.67.

Air Lease Company Profile

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.