American Airlines Group Inc (NASDAQ:AAL) announced a quarterly dividend on Friday, October 26th, Wall Street Journal reports. Investors of record on Tuesday, November 6th will be paid a dividend of 0.10 per share by the airline on Tuesday, November 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Monday, November 5th.
American Airlines Group has increased its dividend payment by an average of 26.0% annually over the last three years. American Airlines Group has a dividend payout ratio of 8.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American Airlines Group to earn $5.25 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.6%.
Shares of American Airlines Group stock opened at $34.66 on Wednesday. American Airlines Group has a 52-week low of $30.24 and a 52-week high of $59.08. The stock has a market capitalization of $14.95 billion, a P/E ratio of 7.10, a PEG ratio of 0.90 and a beta of 0.98.
In related news, Director John T. Cahill acquired 25,000 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The shares were bought at an average cost of $33.47 per share, for a total transaction of $836,750.00. Following the completion of the transaction, the director now owns 6,531 shares in the company, valued at $218,592.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by corporate insiders.
Several equities research analysts have recently weighed in on AAL shares. JPMorgan Chase & Co. set a $46.00 price target on American Airlines Group and gave the company a “buy” rating in a research report on Tuesday. Imperial Capital decreased their price target on American Airlines Group from $56.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 10th. They noted that the move was a valuation call. ValuEngine upgraded American Airlines Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday. BidaskClub cut American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 11th. Finally, Zacks Investment Research cut American Airlines Group from a “hold” rating to a “strong sell” rating in a research report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $50.71.
American Airlines Group Company Profile
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.
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