Fortress Transprtn and Infr Investrs LLC Plans Quarterly Dividend of $0.33 (FTAI)
Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) declared a quarterly dividend on Thursday, November 1st, NASDAQ reports. Stockholders of record on Friday, November 16th will be given a dividend of 0.33 per share by the financial services provider on Tuesday, November 27th. This represents a $1.32 annualized dividend and a dividend yield of 7.65%. The ex-dividend date of this dividend is Thursday, November 15th.
Fortress Transprtn and Infr Investrs has a dividend payout ratio of 412.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Fortress Transprtn and Infr Investrs to earn $0.87 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 151.7%.
Shares of FTAI opened at $17.26 on Friday. Fortress Transprtn and Infr Investrs has a 12-month low of $15.45 and a 12-month high of $20.13. The firm has a market cap of $1.46 billion, a P/E ratio of 143.83 and a beta of 1.45.
Several brokerages recently issued reports on FTAI. Zacks Investment Research cut Fortress Transprtn and Infr Investrs from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. TheStreet upgraded Fortress Transprtn and Infr Investrs from a “c+” rating to a “b” rating in a research note on Friday, August 3rd.
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Fortress Transprtn and Infr Investrs Company Profile
Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.
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