FTAI Infrastructure Inc. (NASDAQ:FIP) Plans $0.03 Quarterly Dividend

FTAI Infrastructure Inc. (NASDAQ:FIPGet Free Report) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.03 per share on Wednesday, May 29th. This represents a $0.12 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, May 16th.

FTAI Infrastructure has a dividend payout ratio of -16.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

FTAI Infrastructure Stock Down 0.8 %

Shares of FTAI Infrastructure stock traded down $0.07 on Wednesday, hitting $8.30. 254,319 shares of the company’s stock traded hands, compared to its average volume of 840,197. The stock has a market cap of $844.03 million, a P/E ratio of -4.31 and a beta of 1.29. The company has a quick ratio of 1.23, a current ratio of 0.69 and a debt-to-equity ratio of 3.95. The firm’s 50-day moving average is $6.62 and its 200 day moving average is $4.89. FTAI Infrastructure has a 52-week low of $2.84 and a 52-week high of $8.45.

FTAI Infrastructure (NASDAQ:FIPGet Free Report) last released its earnings results on Thursday, February 29th. The company reported ($0.47) EPS for the quarter. The business had revenue of $81.44 million for the quarter. FTAI Infrastructure had a negative net margin of 49.44% and a negative return on equity of 37.21%.

Wall Street Analysts Forecast Growth

Separately, BTIG Research began coverage on FTAI Infrastructure in a research note on Thursday, April 18th. They set a “buy” rating and a $10.00 target price for the company.

View Our Latest Report on FIP

FTAI Infrastructure Company Profile

(Get Free Report)

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.

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Dividend History for FTAI Infrastructure (NASDAQ:FIP)

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