Analyzing Air Lease's Ex-Dividend Date


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On November 9, 2020, Air Lease (NYSE:AL) declared a dividend payable on January 6, 2021 to its shareholders. Air Lease also announced that shareholders on the company's books on or before December 18, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Air Lease, which has a current dividend per share of $0.16, has an ex-dividend date scheduled for December 17, 2020. That equates to a dividend yield of 2.09% at current price levels.

The Significance Of An Ex-Dividend Date

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Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Air Lease's Dividend History

Over the past year, Air Lease has seen its dividend payouts and yields climb upward overall. Last year (December 19, 2019), the company's payout sat at $0.15, which has since increased by $0.01. Air Lease's dividend yield last year was 1.3%, which has since grown by 0.79%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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Posted In: Dividends