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

FTAI Aviation Ltd. (NYSE:FTAI) announced a new quarterly dividend on February 26th. Shareholders who are on record as of March 14th will receive a dividend payment of $0.30 per share on March 24th. This dividend translates to an annualized amount of $1.20, offering a dividend yield of 0.93%. The ex-dividend date, which indicates when shares must be purchased to qualify for the dividend, is also set for March 14th.

FTAI Aviation has experienced a decrease in its dividend by an average of 3.1% each year over the past three years. However, the company maintains a low payout ratio of 17.9%, which signifies that its dividends are well-supported by its earnings. Analysts anticipate that FTAI Aviation will achieve earnings of $6.24 per share next year, suggesting that the company is likely to continue covering its annual dividend of $1.20, with an expected future payout ratio of 19.2%.

Recent Stock Performance

On Friday, FTAI's stock saw a drop of 0.7%, trading down $0.92 to reach $128.71. The trading volume for the day was 2,157,525 shares, which is lower than its average volume of 3,880,408 shares. Over the past year, FTAI Aviation's stock price has fluctuated significantly, with a low of $54.84 and a high of $181.64. The company currently has a market capitalization of $13.20 billion and a price-to-earnings ratio of -1,286.97, alongside a beta of 2.05. The stock's moving averages stand at $125.10 for the last 50 days and $134.10 for the last 200 days.

Analyst Insights

Various equity research analysts have provided their insights on FTAI shares recently. Benchmark notably increased its target price for FTAI Aviation from $150.00 to $300.00, categorizing the stock with a "buy" rating in their report on November 1st. Similarly, Wolfe Research upgraded their rating for FTAI from "peer perform" to "outperform" and established a target price of $190.00 in their January 10th report. Barclays also raised their price target from $135.00 to $180.00 with an "overweight" rating, while Royal Bank of Canada reaffirmed its "outperform" rating with a target of $160.00 in late January. Conversely, Stifel Nicolaus trimmed their target price from $167.00 to $100.00 while maintaining a "buy" rating. Currently, of the analysts covering the stock, two have rated it as a sell, while eleven have given it a buy rating. As per MarketBeat's analysis, the average rating for FTAI Aviation remains a "Moderate Buy," with a consensus target price of $171.75.

About FTAI Aviation Ltd.

FTAI Aviation Ltd. focuses on owning and acquiring aviation and offshore energy equipment that facilitates the transportation of goods and people globally. Its operations are divided into two main segments: Aviation Leasing and Aerospace Products. The Aviation Leasing segment is responsible for owning and managing aviation assets, including aircraft and engines, which it leases and sells to its clients.

dividend, stocks, FTAI