FTAI Aviation Ltd. (NASDAQ:FTAIM – Get Free Report) shares fell 0.1% during trading on Friday . The stock traded as low as $27.29 and last traded at $27.42. Approximately 2,555 shares changed hands during trading, a decline of 47% from the average daily volume of 4,804 shares. The stock had previously closed at $27.44.
FTAI Aviation Stock Down 0.1%
The stock has a 50 day moving average price of $27.34 and a two-hundred day moving average price of $27.11.
FTAI Aviation Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.5938 per share. This represents a $2.38 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date is Tuesday, September 1st.
Institutional Trading of FTAI Aviation
FTAI Aviation Company Profile
FTAI Aviation Ltd., trading on the NASDAQ under the symbol FTAIM, is a publicly listed holding company that offers investors exposure to the commercial aviation sector through its wholly owned operating subsidiary, Azorra Aviation. The company’s core business is centered on acquiring, leasing and trading narrowbody aircraft, with a fleet predominantly comprised of Airbus A320- and Boeing 737-family jets. Through long-term lease agreements, sale-and-leaseback transactions and selective asset disposals, FTAI Aviation seeks to generate predictable rental streams and capture residual value appreciation over the life cycle of each aircraft.
FTAI Aviation emerged in mid-2021 following the completion of a business combination with Azorra Aviation and the subsequent rebranding of its former sponsor, FTAI Infrastructure.
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