Avation PLC (LON:AVAP) Announces Dividend Increase – GBX 0.50 Per Share

Avation PLC (LON:AVAP) declared a dividend on Monday, November 18th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, November 28th will be paid a dividend of GBX 0.50 ($0.01) per share on Monday, December 23rd. This represents a dividend yield of 0.29%. The ex-dividend date is Thursday, November 28th. This is a boost from Avation’s previous dividend of $0.02. The official announcement can be seen at this link.

Avation Stock Performance

Shares of LON:AVAP opened at GBX 165.50 ($2.08) on Wednesday. The business has a 50-day moving average of GBX 157.31 and a two-hundred day moving average of GBX 141.72. The firm has a market capitalization of £117.31 million, a PE ratio of 795.24, a P/E/G ratio of -0.15 and a beta of 1.17. The company has a debt-to-equity ratio of 263.30, a current ratio of 1.39 and a quick ratio of 1.33. Avation has a 12 month low of GBX 102.80 ($1.29) and a 12 month high of GBX 192 ($2.41).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their target price on shares of Avation from GBX 280 ($3.52) to GBX 255 ($3.21) and set a “buy” rating for the company in a research report on Thursday, September 26th.

Avation Company Profile

Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide. The company's fleet includes 13 narrow-body jets, two twin-aisle jets, and 21 ATR 72 twin-engine turboprop aircraft. As of June 30, 2023, the company owned and managed a fleet of 36 aircraft.