American Airlines Group Inc Declares Quarterly Dividend of $0.10 (NASDAQ:AAL)

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American Airlines Group Inc (NASDAQ:AAL) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Wednesday, November 6th will be paid a dividend of 0.10 per share by the airline on Wednesday, November 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, November 5th.

Shares of American Airlines Group stock opened at $30.56 on Monday. American Airlines Group has a 12-month low of $24.23 and a 12-month high of $40.58. The stock has a market cap of $13.17 billion, a P/E ratio of 6.72, a P/E/G ratio of 1.98 and a beta of 1.69. The company has a quick ratio of 0.40, a current ratio of 0.49 and a debt-to-equity ratio of 135.16. The business’s 50 day moving average is $28.10 and its 200-day moving average is $30.15.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. American Airlines Group had a negative return on equity of 1,294.15% and a net margin of 3.50%. The company had revenue of $11.91 billion for the quarter, compared to analysts’ expectations of $11.93 billion. During the same quarter in the prior year, the business posted $1.13 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts expect that American Airlines Group will post 4.95 EPS for the current year.

In other American Airlines Group news, President Robert D. Isom, Jr. bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were acquired at an average cost of $26.34 per share, with a total value of $65,850.00. Following the acquisition, the president now owns 771,271 shares of the company’s stock, valued at $20,315,278.14. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James F. Albaugh bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average cost of $31.41 per share, for a total transaction of $314,100.00. Following the completion of the acquisition, the director now directly owns 36,091 shares in the company, valued at approximately $1,133,618.31. The disclosure for this purchase can be found here. 0.86% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on the company. Cowen set a $36.00 price objective on American Airlines Group and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley dropped their price objective on American Airlines Group from $25.00 to $24.00 and set an “underweight” rating on the stock in a research note on Thursday, October 10th. Bank of America cut American Airlines Group to a “hold” rating and set a $31.00 price objective on the stock. in a research note on Monday, September 23rd. Buckingham Research dropped their price objective on American Airlines Group from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, October 21st. Finally, Berenberg Bank set a $35.00 price objective on American Airlines Group and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.00.

About American Airlines Group

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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Dividend History for American Airlines Group (NASDAQ:AAL)

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