By Robert Hauver
Genesis Lease, (GLS), based in Ireland, leases aircraft and various aviation assets to a diverse group of international airlines. Like other airline-related stocks, GLS’ share price and business has suffered during the downturn.
When the share price plummeted in late 2008, their conservative management cut the dividend from $1.88/share annually, (then yielding over 30%), to $.40/share annually, which, at a current dividend yield of almost 6%, still puts GLS in the high dividend stocks group.
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