FTAI Aviation (FTAIM) Projected to Release Earnings on Wednesday

FTAI Aviation (NASDAQ:FTAIM) is expected to be issuing its resultson Wednesday, July 29th. Analysts expect FTAI Aviation to announce earnings of $1.61 per share and revenue of $877.8880 million for the quarter.

FTAI Aviation Stock Up 0.4%

Shares of FTAIM opened at $27.58 on Wednesday. FTAI Aviation has a fifty-two week low of $26.06 and a fifty-two week high of $27.81. The firm’s 50 day moving average price is $27.04 and its 200 day moving average price is $27.06.

FTAI Aviation Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.5938 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.38 annualized dividend and a yield of 8.6%. This is a boost from FTAI Aviation’s previous quarterly dividend of $0.59.

FTAI Aviation Company Profile

FTAI Aviation Ltd., trading on the NASDAQ under the symbol FTAIM, is a publicly listed holding company that offers investors exposure to the commercial aviation sector through its wholly owned operating subsidiary, Azorra Aviation. The company’s core business is centered on acquiring, leasing and trading narrowbody aircraft, with a fleet predominantly comprised of Airbus A320- and Boeing 737-family jets. Through long-term lease agreements, sale-and-leaseback transactions and selective asset disposals, FTAI Aviation seeks to generate predictable rental streams and capture residual value appreciation over the life cycle of each aircraft.

FTAI Aviation emerged in mid-2021 following the completion of a business combination with Azorra Aviation and the subsequent rebranding of its former sponsor, FTAI Infrastructure.