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

FTAI Aviation Ltd. (NYSE:FTAI) announced on February 26th that it will provide a quarterly dividend. The company will pay $0.30 per share to shareholders of record as of March 14th, with the payout scheduled for March 24th. This marks an annualized dividend of $1.20, which translates to a dividend yield of 0.93%. Notably, the ex-dividend date is also March 14th.

Company Financial Overview

FTAI Aviation has been reducing its dividend by an average of 3.1% per year over the past three years. However, its current payout ratio is 17.9%, indicating that its earnings can comfortably support the dividend payments. Analysts forecast that FTAI Aviation is expected to earn $6.24 per share next year, suggesting that the company will continue to manage its $1.20 annual dividend with an anticipated future payout ratio of 19.2%.

Stock Performance and Market Activity

On the trading floor, FTAI's shares fell by 0.7%, dropping to $128.71 with a trading volume of 2,157,525 shares, which is lower than the average volume of 3,880,408. Over the past year, FTAI shares have hit a low of $54.84 and a high of $181.64. The market capitalization of the company stands at $13.20 billion, with a price-to-earnings ratio recorded at -1,286.97 and a beta of 2.05. The stock's 50-day moving average is $125.10, while the 200-day moving average is $134.10.

Analyst Ratings and Recommendations

A number of market analysts have recently provided insights on FTAI shares. Benchmark recently raised its target price from $150.00 to $300.00 and issued a "buy" rating for the stock. Conversely, Wolfe Research upgraded FTAI from "peer perform" to "outperform" and set a target price of $190.00. Barclays increased their target price from $135.00 to $180.00 and rated the stock as "overweight." Meanwhile, Royal Bank of Canada reiterated an "outperform" rating with a target price set at $160.00. Stifel Nicolaus, however, reduced their target from $167.00 to $100.00, still maintaining a "buy" stance. Overall, two analysts have recommended selling the stock, while eleven have assigned it a buy rating, giving it an average rating of "Moderate Buy" and a consensus target price of $171.75.

About FTAI Aviation

FTAI Aviation Ltd. focuses on owning and acquiring aviation and offshore energy equipment for global transportation needs. The company operates through two main segments: Aviation Leasing and Aerospace Products. The Aviation Leasing segment includes managing aviation assets, such as aircraft and engines, which are leased and sold to various clients.

FTAI, dividend, investors