FTAI Aviation Ltd. (FTAI) to Distribute Quarterly Dividend of $0.50 on November 23rd

FTAI Aviation Ltd. (NASDAQ:FTAI) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.50 per share by the financial services provider on Monday, November 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, November 10th.

FTAI Aviation has a payout ratio of 29.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect FTAI Aviation to earn $12.72 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 15.7%.

FTAI Aviation Price Performance

Shares of FTAI opened at $180.27 on Friday. The firm has a market capitalization of $18.43 billion, a PE ratio of 36.57, a price-to-earnings-growth ratio of 0.92 and a beta of 1.55. The company has a debt-to-equity ratio of 7.97, a current ratio of 3.82 and a quick ratio of 2.07. FTAI Aviation has a 1-year low of $146.48 and a 1-year high of $323.51. The company’s fifty day moving average price is $177.21 and its 200-day moving average price is $230.04.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Thursday, October 29th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.12. The firm had revenue of $977.66 million for the quarter. FTAI Aviation had a return on equity of 132.04% and a net margin of 15.46%. During the same period in the previous year, the company earned $1.10 earnings per share. FTAI Aviation’s revenue was up 46.6% on a year-over-year basis. On average, equities research analysts predict that FTAI Aviation will post 5.37 EPS for the current year.

Institutional Investors Weigh In On FTAI Aviation

Institutional investors have recently modified their holdings of the business. Allworth Financial LP raised its holdings in FTAI Aviation by 60.5% in the 3rd quarter. Allworth Financial LP now owns 1,196 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 451 shares during the period. Fisher Asset Management LLC purchased a new position in FTAI Aviation during the third quarter worth approximately $4,052,000. Eurizon Capital SGR S.p.A. boosted its position in FTAI Aviation by 24.9% during the third quarter. Eurizon Capital SGR S.p.A. now owns 11,886 shares of the financial services provider’s stock worth $1,987,000 after purchasing an additional 2,366 shares in the last quarter. King Luther Capital Management Corp acquired a new stake in FTAI Aviation in the third quarter valued at approximately $59,682,000. Finally, Maryland State Retirement & Pension System grew its holdings in FTAI Aviation by 14.0% in the third quarter. Maryland State Retirement & Pension System now owns 6,166 shares of the financial services provider’s stock valued at $1,030,000 after purchasing an additional 759 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

About FTAI Aviation

FTAI Aviation owns and manages a portfolio of commercial jet engines and aircraft, which it leases to airlines and other aviation customers around the world. Its business focuses on mid-life equipment, providing customers with access to engines and aircraft without requiring them to own those assets outright.

The company also supports its leasing operations with maintenance, repair and overhaul services, as well as the sale and exchange of engine modules and parts. Its work is particularly focused on the CFM56 and V2500 engine families, which are widely used on commercial aircraft.

FTAI Aviation serves customers across the global aviation industry, including airlines, aircraft lessors and maintenance providers.