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

FTAI Aviation Ltd. (NYSE:FTAI) announced a quarterly dividend on Tuesday, July 23rd, NASDAQ reports. Investors of record on Monday, August 12th will be paid a dividend of 0.30 per share by the financial services provider on Tuesday, August 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Monday, August 12th.

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 28.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FTAI Aviation to earn $4.48 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 26.8%.

FTAI Aviation Trading Down 0.1 %

Shares of FTAI stock opened at $104.70 on Friday. FTAI Aviation has a 12 month low of $32.66 and a 12 month high of $117.45. The stock has a market capitalization of $10.50 billion, a P/E ratio of 47.81 and a beta of 2.03. The firm’s 50 day moving average is $98.74 and its 200 day moving average is $77.47.

Insider Transactions at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams purchased 59,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were purchased at an average price of $82.00 per share, with a total value of $4,838,000.00. Following the acquisition, the chief executive officer now directly owns 197,382 shares of the company’s stock, valued at $16,185,324. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

FTAI has been the topic of several recent analyst reports. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and increased their target price for the stock from $69.00 to $132.00 in a research note on Friday, July 26th. JMP Securities increased their target price on shares of FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 25th. Citigroup increased their target price on shares of FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Royal Bank of Canada increased their target price on shares of FTAI Aviation from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Compass Point increased their target price on shares of FTAI Aviation from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and an average target price of $113.90.

FTAI Aviation Company Profile

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.