AAR Corp. (AIR) Announces Quarterly Dividend of $0.08

AAR Corp. (NYSE:AIR) announced a quarterly dividend on Tuesday, July 10th, RTT News reports. Stockholders of record on Friday, July 20th will be paid a dividend of 0.075 per share by the aerospace company on Tuesday, July 31st. This represents a $0.30 annualized dividend and a dividend yield of 0.62%.

AAR has a payout ratio of 16.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AAR to earn $2.74 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 10.9%.

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Shares of AIR traded up $0.46 during mid-day trading on Tuesday, hitting $48.55. 635,067 shares of the company’s stock were exchanged, compared to its average volume of 241,483. The stock has a market capitalization of $1.64 billion, a PE ratio of 33.26 and a beta of 1.26. AAR has a fifty-two week low of $34.25 and a fifty-two week high of $49.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.41 and a current ratio of 2.86.

AIR has been the topic of several research reports. Noble Financial reissued a “buy” rating on shares of AAR in a research report on Thursday, March 22nd. Zacks Investment Research cut shares of AAR from a “hold” rating to a “sell” rating in a report on Wednesday, May 30th. Credit Suisse Group raised their target price on shares of AAR to $51.00 and gave the company an “outperform” rating in a report on Thursday, March 22nd. Finally, TheStreet raised shares of AAR from a “c+” rating to a “b” rating in a report on Tuesday, March 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.00.

About AAR

AAR CORP. provides products and services to commercial aviation, government, and defense markets worldwide. The company's Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.