FTAI Aviation Ltd. (FTAI) to Distribute Dividend of $0.50 on August 24th

FTAI Aviation Ltd. (NASDAQ:FTAI) announced a dividend on Tuesday, July 28th, NASDAQ Dividends reports. Investors of record on Wednesday, August 12th will be paid a dividend of 0.50 per share by the financial services provider on Monday, August 24th. The ex-dividend date of this dividend is Wednesday, August 12th.

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 29.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FTAI Aviation to earn $9.78 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 20.4%.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $216.24 on Monday. The firm has a market cap of $22.21 billion, a PE ratio of 47.01, a price-to-earnings-growth ratio of 0.87 and a beta of 1.51. The company has a debt-to-equity ratio of 8.55, a current ratio of 5.28 and a quick ratio of 2.07. The stock’s fifty day moving average price is $235.38 and its two-hundred day moving average price is $251.89. FTAI Aviation has a one year low of $134.49 and a one year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). The company had revenue of $953.09 million for the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The business’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same period last year, the firm posted $1.57 EPS. As a group, research analysts expect that FTAI Aviation will post 6.77 EPS for the current fiscal year.

Insider Activity

In related news, President David Moreno purchased 2,475 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $201.27 per share, with a total value of $498,143.25. Following the acquisition, the president owned 199,490 shares of the company’s stock, valued at $40,151,352.30. This trade represents a 1.26% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the transaction, the director owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. This represents a 7.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.35% of the stock is currently owned by insiders.

Institutional Trading of FTAI Aviation

Hedge funds have recently added to or reduced their stakes in the stock. Mediolanum International Funds Ltd bought a new stake in shares of FTAI Aviation in the 1st quarter valued at $1,313,000. M&T Bank Corp boosted its stake in FTAI Aviation by 323.6% during the fourth quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock worth $3,172,000 after acquiring an additional 12,308 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in FTAI Aviation in the first quarter worth $7,217,000. Trek Financial LLC acquired a new stake in FTAI Aviation in the fourth quarter worth $3,936,000. Finally, Swiss National Bank increased its stake in FTAI Aviation by 48.9% in the first quarter. Swiss National Bank now owns 301,000 shares of the financial services provider’s stock valued at $73,745,000 after purchasing an additional 98,808 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.