FTAI Infrastructure Inc. (FIP) to Issue Quarterly Dividend of $0.03 on June 12th

FTAI Infrastructure Inc. (NASDAQ:FIPGet 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 (NASDAQ:FIPGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.32) earnings per share for the quarter, missing the consensus estimate of ($0.42) by ($0.90). The company had revenue of $188.36 million for the quarter, compared to the consensus estimate of $182.41 million. FTAI Infrastructure had a negative return on equity of 1,230.19% and a negative net margin of 68.58%.FTAI Infrastructure’s revenue was up 95.8% on a year-over-year basis.

FTAI Infrastructure Company Profile

(Get Free Report)

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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Dividend History for FTAI Infrastructure (NASDAQ:FIP)

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