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

Air Lease Co. (NYSE:AL) announced a quarterly dividend on Thursday, February 13th,RTT News reports. Shareholders 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 1.90%.

Air Lease has raised its dividend by an average of 8.5% per year over the last three years and has increased its dividend every year for the last 13 years. Air Lease has a payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Air Lease to earn $6.66 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 13.2%.

Air Lease Price Performance

NYSE AL opened at $46.36 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63. Air Lease has a 12 month low of $39.35 and a 12 month high of $52.31. The company’s 50 day moving average is $47.42 and its two-hundred day moving average is $46.25. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.00 and a beta of 1.59.

Air Lease (NYSE:AL) last announced its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.44. Air Lease had a net margin of 19.58% and a return on equity of 8.92%. As a group, research analysts anticipate that Air Lease will post 4.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

AL has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $65.00 price objective on shares of Air Lease in a report on Thursday, November 21st. JPMorgan Chase & Co. increased their price objective on shares of Air Lease from $52.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.60.

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.