FTAI Aviation Ltd. (FTAI) to Distribute Quarterly Dividend of $0.50 on November 23rd

FTAI Aviation Ltd. (NASDAQ:FTAI) declared a quarterly dividend on Tuesday, October 27th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.50 per share by the financial services provider on Monday, November 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, November 10th.

FTAI Aviation has a payout ratio of 29.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FTAI Aviation to earn $12.72 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 15.7%.

FTAI Aviation Stock Up 11.0%

FTAI stock opened at $180.27 on Friday. The company has a debt-to-equity ratio of 7.97, a quick ratio of 2.07 and a current ratio of 3.82. The company has a market capitalization of $18.43 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 0.92 and a beta of 1.55. FTAI Aviation has a fifty-two week low of $146.48 and a fifty-two week high of $323.51. The stock has a fifty day moving average of $177.21 and a 200-day moving average of $230.04.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Thursday, October 29th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.12. The company had revenue of $977.66 million during the quarter. FTAI Aviation had a return on equity of 132.04% and a net margin of 15.46%. The company’s revenue was up 46.6% compared to the same quarter last year. During the same period last year, the business posted $1.10 EPS. As a group, equities research analysts predict that FTAI Aviation will post 5.37 earnings per share for the current year.

About FTAI Aviation

FTAI Aviation owns and manages a portfolio of commercial jet engines and aircraft, which it leases to airlines and other aviation customers around the world. Its business focuses on mid-life equipment, providing customers with access to engines and aircraft without requiring them to own those assets outright.

The company also supports its leasing operations with maintenance, repair and overhaul services, as well as the sale and exchange of engine modules and parts. Its work is particularly focused on the CFM56 and V2500 engine families, which are widely used on commercial aircraft.

FTAI Aviation serves customers across the global aviation industry, including airlines, aircraft lessors and maintenance providers.