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

FTAI Aviation Ltd. (NYSE:FTAI) declared a quarterly dividend on Wednesday, February 26th, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.30 per share by the financial services provider on Monday, March 24th. This represents a $1.20 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Friday, March 14th.

FTAI Aviation has decreased its dividend payment by an average of 3.1% annually over the last three years. FTAI Aviation has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FTAI Aviation to earn $6.24 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 19.2%.

FTAI Aviation Stock Performance

Shares of FTAI traded down $0.92 during trading hours on Friday, hitting $128.71. The stock had a trading volume of 2,157,525 shares, compared to its average volume of 3,880,408. The firm has a 50-day moving average price of $125.10 and a 200 day moving average price of $134.10. FTAI Aviation has a fifty-two week low of $54.84 and a fifty-two week high of $181.64. The firm has a market capitalization of $13.20 billion, a price-to-earnings ratio of -1,286.97 and a beta of 2.05.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FTAI shares. Compass Point upped their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Benchmark upped their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research report on Friday, January 10th. BTIG Research upped their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.75.

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.