FTAI Aviation Ltd. (NASDAQ:FTAI) to Issue Quarterly Dividend of $0.50

FTAI Aviation Ltd. (NASDAQ:FTAI) announced a quarterly dividend on Tuesday, October 27th. Investors of record on Tuesday, November 10th will be given a dividend of $0.50 per share by the financial services provider on Monday, November 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, November 10th.

FTAI Aviation has a dividend payout ratio of 29.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FTAI Aviation to earn $12.72 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 15.7%.

FTAI Aviation Price Performance

Shares of NASDAQ FTAI opened at $180.27 on Friday. FTAI Aviation has a 52 week low of $146.48 and a 52 week high of $323.51. The business’s 50 day moving average price is $177.21 and its 200 day moving average price is $230.04. The company has a quick ratio of 2.07, a current ratio of 3.82 and a debt-to-equity ratio of 7.97. The firm has a market cap of $18.43 billion, a P/E ratio of 36.57, a P/E/G ratio of 0.92 and a beta of 1.55.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.12. FTAI Aviation had a net margin of 15.46% and a return on equity of 132.04%. The company had revenue of $977.66 million during the quarter. During the same period in the prior year, the business posted $1.10 earnings per share. The business’s quarterly revenue was up 46.6% compared to the same quarter last year. On average, sell-side analysts expect that FTAI Aviation will post 5.37 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. State Street Corp grew its stake in shares of FTAI Aviation by 2.5% during the 2nd quarter. State Street Corp now owns 3,083,589 shares of the financial services provider’s stock worth $834,203,000 after purchasing an additional 75,452 shares during the period. Bank of America Corp DE lifted its stake in shares of FTAI Aviation by 8.2% in the 1st quarter. Bank of America Corp DE now owns 885,337 shares of the financial services provider’s stock valued at $216,908,000 after purchasing an additional 67,097 shares during the period. Dimensional Fund Advisors LP boosted its holdings in FTAI Aviation by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 631,212 shares of the financial services provider’s stock worth $154,515,000 after buying an additional 15,291 shares in the last quarter. First Trust Advisors LP boosted its holdings in FTAI Aviation by 5.0% during the first quarter. First Trust Advisors LP now owns 383,773 shares of the financial services provider’s stock worth $94,024,000 after buying an additional 18,399 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in FTAI Aviation by 27.6% during the first quarter. Bank of New York Mellon Corp now owns 361,230 shares of the financial services provider’s stock worth $88,501,000 after buying an additional 78,152 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Company Profile

FTAI Aviation owns and manages a portfolio of commercial jet engines and aircraft, which it leases to airlines and other aviation customers around the world. Its business focuses on mid-life equipment, providing customers with access to engines and aircraft without requiring them to own those assets outright.

The company also supports its leasing operations with maintenance, repair and overhaul services, as well as the sale and exchange of engine modules and parts. Its work is particularly focused on the CFM56 and V2500 engine families, which are widely used on commercial aircraft.

FTAI Aviation serves customers across the global aviation industry, including airlines, aircraft lessors and maintenance providers.