FTAI Aviation Ltd. (FTAI) to Issue Quarterly Dividend of $0.30 on November 25th

FTAI Aviation Ltd. (NYSE:FTAI) announced a quarterly dividend on Wednesday, October 30th,NASDAQ Dividends reports. Shareholders of record on Thursday, November 14th will be paid a dividend of 0.30 per share by the financial services provider on Monday, November 25th. This represents a $1.20 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, November 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 25.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect FTAI Aviation to earn $5.03 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 23.9%.

FTAI Aviation Stock Up 0.1 %

Shares of FTAI traded up $0.24 during midday trading on Tuesday, reaching $164.92. 73,958 shares of the stock were exchanged, compared to its average volume of 1,045,106. FTAI Aviation has a twelve month low of $40.01 and a twelve month high of $166.00. The company has a market cap of $16.86 billion, a P/E ratio of -1,646.64 and a beta of 2.04. The stock’s 50 day simple moving average is $135.65 and its 200 day simple moving average is $110.10.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The company had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same period in the prior year, the firm earned $0.33 earnings per share. FTAI Aviation’s revenue was up 60.0% compared to the same quarter last year. As a group, analysts predict that FTAI Aviation will post 2.2 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FTAI shares. Barclays upped their price target on FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and upped their price target for the company from $69.00 to $132.00 in a research report on Friday, July 26th. Citigroup increased their price objective on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Compass Point raised their price target on FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Benchmark increased their price objective on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.09.

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.