FTAI Aviation Ltd. Announces 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 0.73%. The ex-dividend date is Thursday, November 14th.

FTAI Aviation has decreased its dividend payment by an average of 3.1% annually over the last three years. FTAI Aviation has a dividend payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

FTAI stock traded up $0.24 during mid-day trading on Tuesday, reaching $164.92. 73,958 shares of the company’s stock were exchanged, compared to its average volume of 1,045,106. The company has a market cap of $16.86 billion, a price-to-earnings ratio of -1,646.64 and a beta of 2.04. The stock’s 50 day moving average is $135.65 and its 200 day moving average is $110.10. FTAI Aviation has a 12-month low of $40.01 and a 12-month high of $166.00.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The business had revenue of $465.80 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 60.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 EPS. On average, research analysts forecast that FTAI Aviation will post 2.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Compass Point increased their target price on FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a report on Friday, September 27th. Barclays increased their target price on FTAI Aviation from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, November 1st. StockNews.com raised FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. JMP Securities increased 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. Finally, Jefferies Financial Group increased their price target on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.