FTAI Aviation Ltd. (NASDAQ:FTAI) to Issue Dividend of $0.50

FTAI Aviation Ltd. (NASDAQ:FTAI) announced a dividend on Tuesday, July 28th, NASDAQ Dividends reports. Stockholders of record on Wednesday, August 12th will be given a dividend of 0.50 per share by the financial services provider on Monday, August 24th. The ex-dividend date is Wednesday, August 12th.

FTAI Aviation has decreased its dividend by an average of 0.0%per year over the last three years. FTAI Aviation has a payout ratio of 29.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect FTAI Aviation to earn $9.78 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 20.4%.

FTAI Aviation Price Performance

Shares of NASDAQ FTAI opened at $216.24 on Monday. The company has a market capitalization of $22.21 billion, a PE ratio of 47.01, a P/E/G ratio of 0.87 and a beta of 1.51. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. FTAI Aviation has a twelve month low of $134.49 and a twelve month high of $323.51. The firm has a fifty day simple moving average of $235.38 and a 200 day simple moving average of $251.89.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The firm had revenue of $953.09 million for the quarter. During the same quarter in the prior year, the business earned $1.57 earnings per share. The company’s revenue was up 40.9% on a year-over-year basis. On average, sell-side analysts forecast that FTAI Aviation will post 6.77 EPS for the current year.

Insider Activity

In other news, President David Moreno purchased 2,475 shares of the business’s stock in a transaction on Friday, July 31st. The shares were acquired at an average price of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the acquisition, the president owned 199,490 shares in the company, valued at approximately $40,151,352.30. The trade was a 1.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Judith A. Hannaway sold 255 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the sale, the director directly owned 3,012 shares of the company’s stock, valued at $764,716.68. This trade represents a 7.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Capital World Investors lifted its position in shares of FTAI Aviation by 41.1% during the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after purchasing an additional 2,596,265 shares in the last quarter. Norges Bank bought a new stake in FTAI Aviation in the 4th quarter worth about $262,393,000. Northern Right Capital Management L.P. grew its position in FTAI Aviation by 884.1% in the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after purchasing an additional 795,675 shares in the last quarter. Rubric Capital Management LP increased its stake in FTAI Aviation by 28.3% in the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after buying an additional 749,080 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in shares of FTAI Aviation by 249.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 617,802 shares of the financial services provider’s stock worth $121,614,000 after buying an additional 440,767 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.