Avation PLC (LON:AVAP) to Issue Dividend of GBX 0.50

Avation PLC (LON:AVAP) announced a dividend on Monday, November 18th,Upcoming Dividends.Co.Uk reports. Stockholders 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 an increase from Avation’s previous dividend of $0.02. The official announcement can be viewed at this link.

Avation Price Performance

Shares of Avation stock traded down GBX 2.50 ($0.03) during trading hours on Tuesday, reaching GBX 170 ($2.15). 639,525 shares of the company’s stock were exchanged, compared to its average volume of 159,261. The company has a market capitalization of £120.50 million, a P/E ratio of 812.33, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17. Avation has a 1 year low of GBX 102.80 ($1.30) and a 1 year high of GBX 192 ($2.43). The business has a fifty day moving average of GBX 153.21 and a two-hundred day moving average of GBX 139.60. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 263.30.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their target price on shares of Avation from GBX 280 ($3.55) to GBX 255 ($3.23) and set a “buy” rating on the stock in a research note on Thursday, September 26th.

About Avation

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.