FTAI Infrastructure Inc. (NASDAQ:FIP – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 23rd will be paid a dividend of $0.03 per share on Monday, December 7th. This represents a $0.12 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, November 23rd.
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 Price Performance
Shares of NASDAQ FIP opened at $3.25 on Friday. The stock has a market capitalization of $384.68 million, a P/E ratio of -0.64 and a beta of 1.82. The firm’s 50 day simple moving average is $2.89 and its two-hundred day simple moving average is $4.46. FTAI Infrastructure has a one year low of $2.23 and a one year high of $6.69.
FTAI Infrastructure (NASDAQ:FIP – Get Free Report) last released its earnings results on Thursday, November 5th. The company reported ($1.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.72). The firm had revenue of $218.97 million during the quarter, compared to the consensus estimate of $195.03 million.
About FTAI Infrastructure
FTAI Infrastructure Inc is an infrastructure company that owns and operates critical transportation and energy assets. Its portfolio is designed to support the movement, storage and processing of essential commodities and industrial products, with a focus on long-lived infrastructure that serves industrial and logistics customers.
The company’s businesses include Transtar, an industrial rail network serving manufacturing facilities, ports and other freight customers; Jefferson Terminal, a multimodal port and logistics facility on the U.S.
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