FTAI Aviation Ltd. (NYSE:FTAI) Plans Quarterly Dividend of $0.30

FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report) declared 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 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Thursday, November 14th.

FTAI Aviation has decreased its dividend by an average of 3.1% per year over the last three years. FTAI Aviation has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

FTAI stock traded down $3.23 on Tuesday, reaching $161.45. 814,616 shares of the company traded hands, compared to its average volume of 1,048,488. The company has a market cap of $16.50 billion, a P/E ratio of -1,646.64 and a beta of 2.04. The firm has a fifty day simple moving average of $135.65 and a 200-day simple moving average of $110.10. FTAI Aviation has a one year low of $40.01 and a one year high of $166.00.

FTAI Aviation (NYSE:FTAI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). The company had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The company's revenue was up 60.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 earnings per share. On average, sell-side analysts forecast that FTAI Aviation will post 2.2 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Compass Point upped their price objective on FTAI Aviation from $118.00 to $156.00 and gave the stock a "buy" rating in a report on Friday, September 27th. BTIG Research started coverage on FTAI Aviation in a research report on Monday, August 26th. They issued a "buy" rating and a $140.00 price objective on the stock. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and increased their target price for the stock from $69.00 to $132.00 in a research report on Friday, July 26th. Finally, Barclays increased their target price on FTAI Aviation from $110.00 to $135.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $162.09.

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.