Shares of FTAI Aviation Ltd. (NASDAQ:FTAIM – Get Free Report) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $26.94 and traded as high as $27.09. FTAI Aviation shares last traded at $26.95, with a volume of 12,229 shares trading hands.
FTAI Aviation Price Performance
The company has a 50-day simple moving average of $26.94 and a 200-day simple moving average of $27.07.
FTAI Aviation Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.5938 per share. This represents a $2.38 annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Tuesday, December 1st.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in FTAI Aviation stock. Navellier & Associates Inc. purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAIM – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,642 shares of the company’s stock, valued at approximately $985,000.
About FTAI Aviation
FTAI Aviation Ltd. is an aviation asset owner and operator focused on commercial aircraft engines and related aviation equipment. The company acquires, leases, manages and sells aircraft and engines, with an emphasis on assets that can generate value through leasing, maintenance and aftermarket activities.
FTAI Aviation also provides aviation products and services designed to support airline and maintenance, repair and overhaul operators. Its activities include engine leasing, engine and aircraft component sales, asset management, and the disassembly of aircraft and engines for parts.
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