PreferredStockChannel

Slideshow Floating Rate Preferred Stocks

By Preferred Stock Channel Staff, updated Tue, July 7, 8:33 AM

#46. Air Lease Corp | 6.150% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (NYSE:AL.PRA) | 7.15% CURRENT YIELD

Discount to Liquidation Preference: -13.96%Average Discount in Category: -19.89%
Current Annualized Yield: 7.15%Average Yield in Category: 10.42%
Days Since Last Ex-Div Date: 36 | See Dividend History »Categorization: Transportation

Series:A
Alternate symbology:AL-A, AL-PA, ALprA
Redeemable?:Yes
Call Date:3/15/2024
Perpetual?:Yes
Cumulative?:No
Shares Offered:10,000,000
Liquidation Preference:$25
Recent Market Price:$21.00
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-4.00 (-16.00%)
Annualized Dividend:1.5376
Recent Ex-Date:5/28/2020
Current Yield:7.32%
Original Coupon:6.15%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
Air Lease is an aircraft leasing company. Co. is engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company and Airbus S.A.S., and leasing those aircraft to airlines. In addition to its leasing activities, Co. sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, airlines and other investors. Co. also provides fleet management services to investors and owners of aircraft portfolios. Co. provides aircraft to airline customers in Asia, the Pacific Rim, Latin America, the Middle East, Europe, Africa, and North America.

Preferred: AL.PRA


Open the AL Information Page »
Name: 
Air Lease Corp
Website: 
www.airleasecorp.com
Sector: 
Air Services Other
Number of ETFs Holding AL: 
43 (see which ones)
Total Market Value Held by ETFs: 
$319,423,450
Total Market Capitalization: 
$3,206,000,000
% of Market Cap. Held by ETFs: 
9.96%

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