Air Lease Co. (AL) To Go Ex-Dividend on March 18th

Air Lease Co. (NYSE:AL) declared a quarterly dividend on Thursday, February 13th,RTT News reports. Stockholders 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 dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, March 18th.

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 dividend payout ratio of 17.1% 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%.

Air Lease Trading Up 6.7 %

AL opened at $49.46 on Friday. The firm has a market cap of $5.51 billion, a P/E ratio of 11.27, a P/E/G ratio of 1.00 and a beta of 1.59. Air Lease has a 12 month low of $39.35 and a 12 month high of $52.31. 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 stock has a 50-day moving average of $47.41 and a 200 day moving average of $46.25.

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

Analysts Set New Price Targets

Several research firms recently commented on AL. JPMorgan Chase & Co. lifted their price target on Air Lease from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group reiterated a “buy” rating and issued a $65.00 price target on shares of Air Lease in a research report on Thursday, November 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Air Lease currently has an average rating of “Moderate Buy” and a consensus 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.