FTAI Aviation Ltd. (FTAI) to Distribute Quarterly Dividend of $0.30 on August 20th

FTAI Aviation Ltd. (NYSE:FTAI) declared a quarterly dividend on Tuesday, July 23rd, NASDAQ reports. Investors of record on Monday, August 12th will be given a dividend of 0.30 per share by the financial services provider on Tuesday, August 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Monday, August 12th.

FTAI Aviation has decreased its dividend payment by an average of 3.1% annually over the last three years. FTAI Aviation has a payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FTAI Aviation to earn $4.48 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 26.8%.

FTAI Aviation Trading Down 0.1 %

Shares of FTAI Aviation stock traded down $0.06 during trading on Friday, reaching $104.70. The company’s stock had a trading volume of 415,676 shares, compared to its average volume of 1,020,878. The stock has a 50-day moving average price of $98.74 and a two-hundred day moving average price of $77.28. FTAI Aviation has a one year low of $32.66 and a one year high of $117.45. The stock has a market capitalization of $10.50 billion, a P/E ratio of 47.81 and a beta of 2.03.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, CEO Joseph P. Jr. Adams acquired 59,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average cost of $82.00 per share, for a total transaction of $4,838,000.00. Following the transaction, the chief executive officer now owns 197,382 shares of the company’s stock, valued at $16,185,324. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FTAI. JMP Securities lifted their price target on FTAI Aviation from $90.00 to $132.00 and gave the company a “market outperform” rating in a report on Thursday, July 25th. Compass Point boosted their price objective on FTAI Aviation from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on FTAI Aviation from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Jefferies Financial Group initiated coverage on FTAI Aviation in a report on Tuesday, June 25th. They set a “buy” rating and a $120.00 price objective for the company. Finally, Barclays boosted their price objective on FTAI Aviation from $80.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.90.

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.