FTAI Aviation Ltd. Declares Dividend of $0.45 (NASDAQ:FTAI)

FTAI Aviation Ltd. (NASDAQ:FTAI) declared a dividend on Tuesday, April 28th, NASDAQ Dividends reports. Shareholders of record on Wednesday, May 13th will be given a dividend of 0.45 per share by the financial services provider on Tuesday, May 26th. The ex-dividend date is Wednesday, May 13th.

FTAI Aviation has decreased its dividend payment by an average of 0.0%annually over the last three years. FTAI Aviation has a dividend payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. 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 $1.60 annual dividend with an expected future payout ratio of 16.4%.

FTAI Aviation Price Performance

NASDAQ FTAI opened at $270.29 on Monday. FTAI Aviation has a 52 week low of $105.59 and a 52 week high of $323.51. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The stock has a market cap of $27.73 billion, a price-to-earnings ratio of 53.63, a price-to-earnings-growth ratio of 1.09 and a beta of 1.49. The company has a 50-day moving average price of $253.17 and a two-hundred day moving average price of $226.39.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.32). The firm had revenue of $830.70 million during the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The company’s revenue was up 65.4% compared to the same quarter last year. During the same period last year, the business posted $0.87 EPS. Analysts forecast that FTAI Aviation will post 6.77 EPS for the current year.

Insider Activity at FTAI Aviation

In other news, Director Martin Tuchman sold 143,584 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the transaction, the director owned 236,302 shares in the company, valued at $57,289,056.88. This represents a 37.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 254,260 shares of company stock worth $61,534,703. Corporate insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. SJS Investment Consulting Inc. raised its holdings in FTAI Aviation by 122.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 59 shares during the period. Meeder Asset Management Inc. grew its position in FTAI Aviation by 142.2% in the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 64 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in FTAI Aviation in the 4th quarter worth $30,000. Root Financial Partners LLC grew its position in FTAI Aviation by 40.9% in the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 45 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in FTAI Aviation in the 1st quarter worth $51,000. Institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

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.