FTAI Aviation Ltd. (NASDAQ:FTAIM) Raises Dividend to $0.59 Per Share

FTAI Aviation Ltd. (NASDAQ:FTAIM) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.5938 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Monday, June 1st. This is a 0.6% increase from FTAI Aviation’s previous quarterly dividend of $0.59.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock traded up $0.29 during trading on Thursday, hitting $26.80. 2,435 shares of the stock traded hands, compared to its average volume of 4,459. The firm’s fifty day moving average is $27.03 and its 200-day moving average is $26.97. FTAI Aviation has a 52 week low of $25.43 and a 52 week high of $27.49.

FTAI Aviation Company Profile

FTAI Aviation Ltd., trading on the NASDAQ under the symbol FTAIM, is a publicly listed holding company that offers investors exposure to the commercial aviation sector through its wholly owned operating subsidiary, Azorra Aviation. The company’s core business is centered on acquiring, leasing and trading narrowbody aircraft, with a fleet predominantly comprised of Airbus A320- and Boeing 737-family jets. Through long-term lease agreements, sale-and-leaseback transactions and selective asset disposals, FTAI Aviation seeks to generate predictable rental streams and capture residual value appreciation over the life cycle of each aircraft.

FTAI Aviation emerged in mid-2021 following the completion of a business combination with Azorra Aviation and the subsequent rebranding of its former sponsor, FTAI Infrastructure.