Top-Yielding (And Profitable) Rental And Leasing Companies

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 |  Includes: AYR, TRTN
by: Robert Weinstein

With the recent market drop, it may be the time to invest in quality companies that are now paying a higher yield. I have reviewed several other industries in the services sector as I make my way through the list. As a result of my review I have written about several companies including Intel (NASDAQ:INTC) (read here) and Safeway (NYSE:SWY) (read here).

I have now moved to the rental and leasing industry. Only two made the list.

I hope this list is of as much value to you as it has been to me. I set up an EDGAR online screener to find the companies in the sector that pay a dividend. I don't want to look at all the stocks that pay a dividend, so I filtered the results based on the following:

  • Must trade at least 200K shares a day on average.
  • Dividend yield must be a minimum of 3%.
  • Must not have a payout ratio over 80% based on the last quarter.

Aircastle Limited (NYSE:AYR): Yield: 4.27%

Aircastle Limited, through its subsidiaries, engages in the acquisition, lease and sale of high-utility commercial jet aircraft to passenger and cargo airlines worldwide. The company was founded in 2004 and is based in Stamford, Connecticut.

The stock has moved higher in price 3.08%, with a one year change of 43.86%. Comparing to the S&P 500 price changes, the price performances are 9.62% vs. the S&P 500 from a month ago, and year to date difference is 16.46% vs. the S&P 500 price change.




TAL International Group Inc. (TAL): Yield: 6.97%

TAL International Group Inc. engages in the lease of intermodal containers and chassis. It operates in two segments: Equipment leasing and equipment trading. The company was founded in 1963 and is headquartered in Purchase, New York.

In the last month, the stock has decreased in price -2.96%, with a one year change of 30.52%. Comparing to the S&P 500 price changes, the price performances are 3.20% vs. the S&P 500 from a month ago, and year to date difference is 0.50% vs. the S&P 500 price change.






Remember, you must buy a stock at least three business days before the record date (at least one business day before the ex-dividend date) to qualify for a dividend.

I use a proprietary blend of technical analysis, financial crowd behavior and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. Nothing in the article should be considered investment advice, but you may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, Google Finance, MSN Money, cnbc.com, Zacks and Yahoo Finance for most of my data.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.