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

Air Lease Co. (NYSE:AL - Get Free Report) declared a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Stockholders of record on Thursday, December 12th will be paid a dividend of 0.22 per share by the transportation company on Thursday, January 9th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, December 12th. This is a boost from Air Lease's previous quarterly dividend of $0.21.

Air Lease has raised its dividend by an average of 9.9% annually over the last three years and has increased its dividend every year for the last 12 years. Air Lease has a payout ratio of 18.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Air Lease to earn $6.67 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 12.6%.

Air Lease Trading Down 0.5 %

AL traded down $0.23 on Friday, hitting $47.09. 1,194,496 shares of the company were exchanged, compared to its average volume of 606,776. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.50 and a current ratio of 0.50. The firm has a fifty day simple moving average of $44.38 and a two-hundred day simple moving average of $46.26. The stock has a market capitalization of $5.24 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 1.41 and a beta of 1.59. Air Lease has a 12 month low of $36.37 and a 12 month high of $52.31.

Air Lease (NYSE:AL - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The transportation company reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.03. The company had revenue of $690.16 million during the quarter, compared to analyst estimates of $681.71 million. Air Lease had a net margin of 20.85% and a return on equity of 8.97%. Sell-side analysts expect that Air Lease will post 4.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JPMorgan Chase & Co. lowered their price target on Air Lease from $54.00 to $52.00 and set an "overweight" rating for the company in a research report on Monday, August 5th. Barclays decreased their target price on Air Lease from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Friday, August 2nd. Finally, TD Cowen began coverage on shares of Air Lease in a report on Monday, July 29th. They issued a "buy" rating and a $58.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $54.75.

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.