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

FTAI Aviation Ltd. (NYSE:FTAI) declared a quarterly dividend on Wednesday, October 30th,NASDAQ Dividends reports. Stockholders of record on Thursday, November 14th will be given 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 0.73%. The ex-dividend date is Thursday, November 14th.

FTAI Aviation has decreased its dividend payment by an average of 3.1% per year over the last three years. FTAI Aviation has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities 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 0.2 %

Shares of NYSE FTAI opened at $165.00 on Tuesday. The business has a 50-day simple moving average of $135.65 and a two-hundred day simple moving average of $110.10. FTAI Aviation has a 52 week low of $40.01 and a 52 week high of $165.84. The company has a market cap of $16.86 billion, a P/E ratio of -1,646.64 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last posted its earnings results 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 firm had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The business’s revenue was up 60.0% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS. Equities research analysts anticipate that FTAI Aviation will post 2.2 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FTAI. Barclays boosted their price objective on FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a research note on Friday, November 1st. JMP Securities raised their price target on FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 25th. Jefferies Financial Group lifted their price target on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and increased their price objective for the company from $69.00 to $132.00 in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.