FTAI Aviation Ltd. Plans Dividend of $0.35 (NASDAQ:FTAI)

FTAI Aviation Ltd. (NASDAQ:FTAI) announced a dividend on Monday, October 27th, NASDAQ Dividends reports. Stockholders of record on Monday, November 10th will be given a dividend of 0.35 per share by the financial services provider on Wednesday, November 19th. The ex-dividend date is Monday, November 10th.

FTAI Aviation has decreased its dividend by an average of 0.0%annually over the last three years. FTAI Aviation has a dividend payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect FTAI Aviation to earn $6.24 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 22.4%.

FTAI Aviation Stock Performance

Shares of NASDAQ FTAI traded up $1.76 during mid-day trading on Friday, reaching $164.00. The company had a trading volume of 1,183,028 shares, compared to its average volume of 1,350,828. The firm has a market cap of $16.82 billion, a price-to-earnings ratio of 37.44 and a beta of 1.67. The business’s 50-day simple moving average is $169.94 and its 200 day simple moving average is $138.75. FTAI Aviation has a one year low of $75.06 and a one year high of $194.36.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The firm had revenue of $667.06 million for the quarter, compared to analyst estimates of $662.51 million. During the same quarter in the previous year, the company earned $0.76 earnings per share. The company’s quarterly revenue was up 43.2% on a year-over-year basis. On average, sell-side analysts anticipate that FTAI Aviation will post 2.2 EPS for the current year.

About FTAI Aviation

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.