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

Avation PLC (LON:AVAP) announced a dividend on Monday, November 18th,Upcoming Dividends.Co.Uk reports. Shareholders 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 yield of 0.29%. The ex-dividend date of this dividend 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 Performance

Shares of AVAP stock remained flat at GBX 172.50 ($2.19) on Tuesday. The stock had a trading volume of 644,822 shares, compared to its average volume of 159,285. The firm has a market capitalization of £122.27 million, a PE ratio of 809.52, a PEG ratio of -0.15 and a beta of 1.17. Avation has a one year low of GBX 102.80 ($1.30) and a one year high of GBX 192 ($2.43). The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 263.30. The stock’s 50 day simple moving average is GBX 153.21 and its 200-day simple moving average is GBX 139.60.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their price target on shares of Avation from GBX 280 ($3.55) to GBX 255 ($3.23) and set a “buy” rating for the company in a 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.