FTAI Aviation Ltd. to Issue Quarterly Dividend of $0.30 (NYSE:FTAI)

FTAI Aviation Ltd. (NYSE:FTAI) announced a quarterly dividend on Wednesday, October 30th,NASDAQ Dividends reports. Stockholders of record on Thursday, November 14th will be paid a dividend of 0.30 per share by the financial services provider on Monday, November 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Thursday, November 14th.

FTAI Aviation has decreased its dividend by an average of 3.1% annually over the last three years. FTAI Aviation has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect FTAI Aviation to earn $5.03 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 23.9%.

FTAI Aviation Stock Up 1.1 %

Shares of NYSE:FTAI opened at $163.17 on Wednesday. The stock has a market cap of $16.68 billion, a PE ratio of -1,614.34 and a beta of 2.04. The company’s fifty day moving average is $136.52 and its 200 day moving average is $110.74. FTAI Aviation has a 52 week low of $40.29 and a 52 week high of $166.00.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The company had revenue of $465.80 million for the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 198.02%. The business’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. Sell-side analysts anticipate that FTAI Aviation will post 2.2 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and boosted their target price for the stock from $69.00 to $132.00 in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft upped their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. Benchmark boosted their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, BTIG Research assumed coverage on FTAI Aviation in a research note on Monday, August 26th. They set a “buy” rating and a $140.00 target price on the stock. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.09.

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.