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

Avation PLC (LON:AVAP) declared 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 a positive change from Avation’s previous dividend of $0.02. The official announcement can be accessed at this link.

Avation Stock Down 1.2 %

AVAP stock opened at GBX 170 ($2.16) on Wednesday. The business’s 50-day simple moving average is GBX 153.98 and its 200 day simple moving average is GBX 139.99. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 263.30. The company has a market cap of £120.50 million, a PE ratio of 809.52, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17. Avation has a twelve month low of GBX 102.80 ($1.30) and a twelve month high of GBX 192 ($2.44).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut their price target on shares of Avation from GBX 280 ($3.55) to GBX 255 ($3.24) and set a “buy” rating for the company 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.