Air Lease Corporation (NYSE:AL) will begin trading ex-dividend on September 10, 2020. The quarterly dividend payment of $ 0.15 per share is scheduled to be paid on October 9, 2020. The dividend yield based on the latest trading day closing price was 1.88 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Air Lease Corporation recently reported first quarter financial results on May 7, 2020, after market close, the Los Angeles based company recorded income for the first quarter of $ 1.61 per share, from the revenue of $ 511.39 million. The quarterly earnings enlarged 30.89 percent while revenues boosted 11.95 percent compared with the same quarter last year.
Street analysts expected Air Lease Corporation recently reported first quarter financial results on May 7, 2020, after market close, the Los Angeles based company to report income of $ 1.22 per share on revenue of $ 524.79 million for the first quarter. The bottom line results beat street analysts by $ 0.39 or 31.97 percent, at the same time, top line results fell short of analysts by $ 13.4 million or 2.55 percent.
Stock Performance
Shares of Air Lease Corporation traded low $ -0.25 or -0.78 percent on Tuesday, reaching $ 31.89 with volume of 1.08 million shares. Air Lease Corporation has traded high as $ 32.46 and has cracked $ 31.13 on the downward trend
According to the previous trading day, closing price of $ 31.89, representing a 282.16 % increase from the 52 week low of $ 8.41 and a 35.67 % decrease over the 52 week high of $ 49.96.
The company has a market capital of $ 3.63 billion and is part of the Services sector and Rental & Leasing Services industry.
Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines. In addition, it provides fleet management services to investors and owners of aircraft portfolios.
