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

Air Lease Co. (NYSE:AL - Get Free Report) announced 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 1.78%. The ex-dividend date is Tuesday, March 18th.

Air Lease has raised its dividend payment by an average of 8.5% annually over the last three years and has raised 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. Equities 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 Stock Up 6.7 %

NYSE AL traded up $3.11 during trading hours on Monday, reaching $49.46. 1,095,357 shares of the company's stock were exchanged, compared to its average volume of 597,716. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59. Air Lease has a one year low of $39.35 and a one year high of $52.31. The company's 50-day moving average is $47.40 and its two-hundred day moving average is $46.22. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.43 and a current ratio of 0.43.

Air Lease (NYSE:AL - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.44. Air Lease had a net margin of 19.58% and a return on equity of 8.92%. On average, analysts forecast that Air Lease will post 4.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AL. JPMorgan Chase & Co. raised their price target on shares of Air Lease from $52.00 to $56.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $65.00 price target on shares of Air Lease in a research note on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $57.60.

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.