By Colin Kellaher
AerCap Holdings' board has raised the aviation leasing company's quarterly dividend by 8%, to 27 cents a share from 25 cents, and approved a new $1 billion share-repurchase program.
The new quarterly payout, equal to $1.08 a year, represents an annual yield of about 1.06% based on Tuesday's closing price of $101.50, up from 0.99%.
The Dublin-based company on Wednesday said the increased dividend is payable April 3 to shareholders of record March 12.
AerCap, which sports a market capitalization topping $20.5 billion, said it returned more than $1.6 billion to shareholders last year through dividends and the repurchase of 16.8 million shares.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 26, 2025 08:23 ET (13:23 GMT)
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