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

FTAI Aviation Ltd. (NYSE:FTAI) announced a quarterly dividend on Thursday, April 25th, NASDAQ reports. Investors of record on Friday, May 10th will be given a dividend of 0.30 per share by the financial services provider on Tuesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Thursday, May 9th.

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 40.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FTAI Aviation to earn $3.23 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 37.2%.

FTAI Aviation Price Performance

NYSE FTAI traded down $0.63 during midday trading on Tuesday, hitting $77.77. 78,153 shares of the company traded hands, compared to its average volume of 887,523. The company has a market cap of $7.80 billion, a PE ratio of 35.80 and a beta of 1.90. The company’s 50-day simple moving average is $66.31 and its 200-day simple moving average is $53.15. FTAI Aviation has a 52 week low of $26.94 and a 52 week high of $81.40.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The business had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. On average, research analysts predict that FTAI Aviation will post 1.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FTAI shares. Royal Bank of Canada started coverage on shares of FTAI Aviation in a report on Friday. They set an “outperform” rating and a $85.00 price objective on the stock. Benchmark reiterated a “buy” rating and set a $100.00 price target on shares of FTAI Aviation in a research note on Thursday, May 2nd. Barclays raised their price target on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Stifel Nicolaus increased their price objective on shares of FTAI Aviation from $59.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. Finally, Compass Point increased their price target on FTAI Aviation from $71.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and a consensus price target of $68.95.

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.