Air Lease hikes dividend by 4.8% in 2024

Air Lease Corporation (AL) will hike its quarterly dividend by 4.8% to 21 cents per share in 2024. This marks the 11th consecutive year of increases by the aircraft leasing company. 

On November 6, 2024, our board of directors increased our quarterly cash dividend by 5%, from $0.21 per share to $0.22 per share on our outstanding Class A common stock. The next quarterly dividend of $0.22 per share will be paid on January 9, 2025 to holders of record of our Class A common stock as of December 12, 2024.

The dividend yield for AL is 1.8% at at stock price of $46.40. This new dividend hike is the smallest by the company since a payment was initiated back in 2013.

Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. Air Lease Corporation and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions.