Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) declared a quarterly dividend on Friday, August 4th, Wall Street Journal reports. Investors of record on Friday, August 18th will be paid a dividend of 0.33 per share by the financial services provider on Monday, August 28th. This represents a $1.32 annualized dividend and a yield of 7.41%. The ex-dividend date is Wednesday, August 16th.

Fortress Transportation and Infrastructure Investors has a dividend payout ratio of 600.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Fortress Transportation and Infrastructure Investors to earn $0.85 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 155.3%.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) opened at 17.82 on Tuesday. The firm’s market cap is $1.35 billion. The company’s 50-day moving average is $16.68 and its 200 day moving average is $15.71. Fortress Transportation and Infrastructure Investors has a 12 month low of $11.35 and a 12 month high of $18.41.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by $0.04. The company had revenue of $51.20 million for the quarter, compared to analyst estimates of $52.36 million. Fortress Transportation and Infrastructure Investors had a positive return on equity of 0.27% and a negative net margin of 4.98%. The business’s revenue for the quarter was up 54.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.07) earnings per share. On average, equities research analysts predict that Fortress Transportation and Infrastructure Investors will post $0.18 earnings per share for the current year.

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FTAI has been the topic of several recent research reports. BidaskClub raised shares of Fortress Transportation and Infrastructure Investors from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. TheStreet raised shares of Fortress Transportation and Infrastructure Investors from a “c” rating to a “b-” rating in a research report on Monday, July 31st. Zacks Investment Research lowered shares of Fortress Transportation and Infrastructure Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, JMP Securities raised their price objective on shares of Fortress Transportation and Infrastructure Investors from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, May 8th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $17.83.

About Fortress Transportation and Infrastructure Investors

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and equipment that is essential for the transportation of goods and people across the world. The Company operates through five segments Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad.

Dividend History for Fortress Transportation and Infrastructure Investors (NYSE:FTAI)

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