FTAI Aviation Ltd. (FTAI) to Issue Quarterly Dividend of $0.30 on August 20th

FTAI Aviation Ltd. (NYSE:FTAI) announced a quarterly dividend on Tuesday, July 23rd, NASDAQ reports. Investors of record on Monday, August 12th will be paid a dividend of 0.30 per share by the financial services provider on Tuesday, August 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Monday, August 12th.

FTAI Aviation has decreased its dividend payment by an average of 3.1% annually over the last three years. FTAI Aviation has a payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FTAI Aviation to earn $4.48 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 26.8%.

FTAI Aviation Stock Performance

Shares of FTAI stock traded down $0.06 on Friday, hitting $104.70. The stock had a trading volume of 415,676 shares, compared to its average volume of 1,020,878. FTAI Aviation has a 52-week low of $32.66 and a 52-week high of $117.45. The firm has a market capitalization of $10.50 billion, a price-to-earnings ratio of 47.81 and a beta of 2.03. The stock’s 50 day moving average is $98.74 and its 200-day moving average is $77.28.

Insider Buying and Selling

In related news, CEO Joseph P. Jr. Adams acquired 59,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were bought at an average price of $82.00 per share, for a total transaction of $4,838,000.00. Following the acquisition, the chief executive officer now owns 197,382 shares in the company, valued at approximately $16,185,324. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JMP Securities increased their target price on FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. Citigroup increased their price objective on shares of FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Morgan Stanley lifted their target price on FTAI Aviation from $85.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, June 13th. Deutsche Bank Aktiengesellschaft increased their price target on FTAI Aviation from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Wolfe Research lowered shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.90.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.