FTAI Aviation Ltd. (NASDAQ:FTAI) Announces Quarterly Dividend of $0.30

Key Points

• FTAI Aviation Ltd. has announced a quarterly dividend of $0.30 per share, with an ex-dividend date of August 12th and a payment date of August 19th.
• The company reported earnings of $1.57 per share for the last quarter, exceeding expectations, with revenue growing 52.4% year-over-year despite being below analysts' estimates.
• FTAI Aviation has a dividend payout ratio of 17.8%, indicating strong earnings coverage for its dividend payments moving forward.

FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) declared a quarterly dividend on Tuesday, July 29th, NASDAQ Dividends reports. Investors of record on Tuesday, August 12th will be given a dividend of 0.30 per share by the financial services provider on Tuesday, August 19th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, August 12th.

FTAI Aviation has a dividend payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FTAI Aviation to earn $6.24 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 19.2%.

FTAI Aviation Stock Performance

FTAI stock traded down $6.85 during mid-day trading on Thursday, hitting $137.61. The company had a trading volume of 2,787,684 shares, compared to its average volume of 2,392,538. FTAI Aviation has a 12 month low of $75.06 and a 12 month high of $181.64. The stock's fifty day moving average price is $119.05 and its two-hundred day moving average price is $112.77. The firm has a market cap of $14.11 billion, a PE ratio of 34.06 and a beta of 1.62.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a return on equity of 601.23% and a net margin of 21.31%. The business had revenue of $676.24 million during the quarter, compared to the consensus estimate of $754.75 million. During the same period last year, the business posted ($2.26) earnings per share. The business's revenue for the quarter was up 52.4% on a year-over-year basis. Equities analysts anticipate that FTAI Aviation will post 2.2 earnings per share 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.

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