AerCap Holdings (NYSE:AER) Plans Dividend Increase – $0.27 Per Share

AerCap Holdings (NYSE:AER) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Wednesday, March 12th will be paid a dividend of 0.27 per share by the financial services provider on Thursday, April 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from AerCap’s previous quarterly dividend of $0.25.

AerCap has a dividend payout ratio of 7.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AerCap to earn $11.63 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 8.6%.

AerCap Price Performance

Shares of NYSE AER opened at $102.24 on Thursday. AerCap has a twelve month low of $76.00 and a twelve month high of $107.36. The stock’s 50 day moving average price is $97.01 and its 200-day moving average price is $95.94. The company has a market capitalization of $20.24 billion, a PE ratio of 8.10, a PEG ratio of 2.22 and a beta of 1.81. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.89.

AerCap (NYSE:AER) last announced its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.97 billion. On average, equities analysts anticipate that AerCap will post 11.29 EPS for the current year.

AerCap announced that its board has approved a share repurchase program on Wednesday, February 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

AER has been the topic of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $119.00 price target on shares of AerCap in a report on Thursday, November 21st. Barclays reaffirmed an “overweight” rating and issued a $115.00 price target on shares of AerCap in a report on Thursday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $114.17.

About AerCap

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.