Air Lease Co. (NYSE:AL - Get Free Report) declared a quarterly dividend on Thursday, February 13th,RTT News reports. Investors of record on Tuesday, March 18th will be paid 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 increased its dividend payment by an average of 8.5% per year over the last three years and has increased its dividend annually for the last 11 consecutive years. Air Lease has a dividend payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Research 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%.
Shares of Air Lease stock traded up $0.66 during trading on Thursday, reaching $46.36. The stock had a trading volume of 727,104 shares, compared to its average volume of 620,947. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 1.00 and a beta of 1.59. Air Lease has a 52 week low of $39.35 and a 52 week high of $52.31. The stock has a fifty day moving average price of $47.51 and a two-hundred day moving average price of $46.25.
A number of equities analysts recently commented on AL shares. 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. boosted their target price on Air Lease from $52.00 to $56.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $57.60.
Read Our Latest Stock Analysis on 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.
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