FTAI Aviation Ltd. (NASDAQ:FTAIM – Get Free Report)’s stock price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $26.94 and traded as high as $27.09. FTAI Aviation shares last traded at $26.95, with a volume of 12,229 shares changing hands.
FTAI Aviation Stock Up 1.8%
The company’s fifty day moving average price is $26.94 and its two-hundred day moving average price is $27.07.
FTAI Aviation Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.5938 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $2.38 dividend on an annualized basis and a yield of 8.8%.
Institutional Trading of FTAI Aviation
An institutional investor recently bought a new position in FTAI Aviation stock. Navellier & Associates Inc. acquired a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,642 shares of the company’s stock, valued at approximately $985,000.
About FTAI Aviation
FTAI Aviation Ltd. is an aviation asset owner and operator focused on commercial aircraft engines and related aviation equipment. The company acquires, leases, manages and sells aircraft and engines, with an emphasis on assets that can generate value through leasing, maintenance and aftermarket activities.
FTAI Aviation also provides aviation products and services designed to support airline and maintenance, repair and overhaul operators. Its activities include engine leasing, engine and aircraft component sales, asset management, and the disassembly of aircraft and engines for parts.
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