FTAI Infrastructure Inc. (NASDAQ:FIP – Get Free Report) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, May 18th will be given a dividend of 0.03 per share on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, May 18th.
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 Performance
FIP opened at $4.63 on Friday. The firm has a market cap of $547.10 million, a PE ratio of -1.03 and a beta of 1.96. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 110.28. The business has a fifty day simple moving average of $5.26 and a 200-day simple moving average of $5.26. FTAI Infrastructure has a fifty-two week low of $3.90 and a fifty-two week high of $7.93.
FTAI Infrastructure Company Profile
FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.
The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.
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