Air Lease Corporation (AL) to Issue Quarterly Dividend of $0.22 on April 7th

Air Lease Corporation (NYSE:AL) announced a quarterly dividend on Tuesday, February 10th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.22 per share by the transportation company on Tuesday, April 7th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, March 2nd.

Air Lease has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Air Lease has a payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Air Lease to earn $7.28 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 12.1%.

Air Lease Trading Down 0.1%

NYSE AL opened at $64.87 on Friday. The stock has a market cap of $7.27 billion, a P/E ratio of 6.97, a PEG ratio of 0.54 and a beta of 1.13. The company’s fifty day simple moving average is $64.47 and its 200-day simple moving average is $63.51. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 2.33. Air Lease has a 52 week low of $38.25 and a 52 week high of $64.96.

Air Lease (NYSE:AL) last issued its quarterly earnings data on Thursday, February 12th. The transportation company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.74. The firm had revenue of $679.54 million for the quarter, compared to analyst estimates of $782.67 million. Air Lease had a net margin of 35.72% and a return on equity of 8.54%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. Equities research analysts predict that Air Lease will post 5.16 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Steven F. Udvar-Hazy sold 64,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $64.02, for a total transaction of $4,097,280.00. Following the completion of the sale, the director owned 74,000 shares of the company’s stock, valued at $4,737,480. This represents a 46.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kishore Korde sold 20,662 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $64.10, for a total transaction of $1,324,434.20. Following the sale, the executive vice president owned 50,091 shares in the company, valued at approximately $3,210,833.10. This trade represents a 29.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 595,958 shares of company stock valued at $38,158,193 over the last 90 days. 6.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Air Lease

Institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC lifted its holdings in shares of Air Lease by 2,980.0% in the 3rd quarter. True Wealth Design LLC now owns 462 shares of the transportation company’s stock worth $29,000 after purchasing an additional 447 shares during the last quarter. Mather Group LLC. acquired a new stake in Air Lease in the third quarter worth $29,000. First Horizon Corp bought a new stake in Air Lease in the third quarter valued at $31,000. Los Angeles Capital Management LLC acquired a new position in shares of Air Lease during the fourth quarter valued at $32,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Air Lease by 273.2% during the second quarter. Parkside Financial Bank & Trust now owns 556 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 407 shares during the period. 94.59% of the stock is owned by institutional investors.

About Air Lease

Air Lease Corporation (NYSE: AL) is a leading aircraft leasing company that acquires commercial jet aircraft and leases them to airlines worldwide. The firm’s core business activities include direct aircraft acquisition, lease management and portfolio remarketing. By structuring sale‐and‐leaseback transactions, operating leases and secured loans, Air Lease provides flexible financing solutions that enable carriers to modernize their fleets without committing large amounts of capital to ownership.

Founded in 2010 and headquartered in Los Angeles, Air Lease Corporation serves a diverse customer base spanning North America, Europe, Asia, Latin America and the Middle East.