FTAI Aviation Ltd. (NASDAQ:FTAI) Plans Dividend of $0.35

FTAI Aviation Ltd. (NASDAQ:FTAI) announced a dividend on Monday, October 27th, NASDAQ Dividends reports. Stockholders of record on Monday, November 10th will be given a dividend of 0.35 per share by the financial services provider on Wednesday, November 19th. The ex-dividend date of this dividend is Monday, November 10th.

FTAI Aviation has decreased its dividend payment by an average of 0.0%annually over the last three years. FTAI Aviation has a dividend payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FTAI Aviation to earn $6.24 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 22.4%.

FTAI Aviation Stock Up 1.1%

FTAI traded up $1.76 during trading hours on Friday, hitting $164.00. 1,183,028 shares of the company’s stock were exchanged, compared to its average volume of 1,350,828. The stock has a market cap of $16.82 billion, a price-to-earnings ratio of 37.44 and a beta of 1.67. FTAI Aviation has a 1-year low of $75.06 and a 1-year high of $194.36. The stock’s 50-day moving average is $169.94 and its two-hundred day moving average is $138.75.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.09). The business had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The company’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same period last year, the firm earned $0.76 earnings per share. On average, equities research analysts anticipate that FTAI Aviation will post 2.2 EPS for the current year.

Institutional Trading of FTAI Aviation

Several institutional investors have recently added to or reduced their stakes in the company. King Luther Capital Management Corp increased its position in FTAI Aviation by 21.5% during the 3rd quarter. King Luther Capital Management Corp now owns 496,189 shares of the financial services provider’s stock worth $82,794,000 after buying an additional 87,725 shares during the period. Zweig DiMenna Associates LLC grew its stake in shares of FTAI Aviation by 25.3% in the third quarter. Zweig DiMenna Associates LLC now owns 68,400 shares of the financial services provider’s stock valued at $11,413,000 after acquiring an additional 13,800 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of FTAI Aviation in the third quarter valued at about $452,000. Merit Financial Group LLC increased its position in FTAI Aviation by 5.1% during the third quarter. Merit Financial Group LLC now owns 4,578 shares of the financial services provider’s stock worth $764,000 after acquiring an additional 223 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in FTAI Aviation by 396.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock worth $138,730,000 after purchasing an additional 664,037 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

About FTAI Aviation

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.