FTAI Aviation Ltd. (NASDAQ:FTAIM) Declares $0.59 Quarterly Dividend

FTAI Aviation Ltd. (NASDAQ:FTAIM) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Monday, March 9th will be given a dividend of 0.59 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend is Monday, March 9th.

FTAI Aviation Stock Performance

Shares of NASDAQ:FTAIM traded up $0.01 during mid-day trading on Thursday, hitting $27.35. The company had a trading volume of 846 shares, compared to its average volume of 3,955. The firm has a fifty day moving average price of $27.09 and a 200 day moving average price of $26.85. FTAI Aviation has a one year low of $24.60 and a one year high of $27.49.

Institutional Trading of FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. boosted its position in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 158,630 shares of the company’s stock after acquiring an additional 6,430 shares during the period. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,248,000 as of its most recent SEC filing.

About FTAI Aviation

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.