FTAI Infrastructure Inc. (FIP) to Distribute Quarterly Dividend of $0.03 on September 8th

FTAI Infrastructure Inc. (NASDAQ:FIP) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 24th will be given a dividend of 0.03 per share on Tuesday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 24th.

FTAI Infrastructure has a payout ratio of -16.7% indicating that 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

FIP stock opened at $4.05 on Friday. The company’s 50-day moving average is $4.38 and its 200-day moving average is $5.08. The stock has a market capitalization of $478.56 million, a PE ratio of -0.78 and a beta of 1.80. FTAI Infrastructure has a 1 year low of $3.06 and a 1 year high of $7.12.

FTAI Infrastructure (NASDAQ:FIP) last issued its earnings results on Wednesday, August 5th. The company reported ($1.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.81). FTAI Infrastructure had a negative net margin of 74.10% and a negative return on equity of 147.01%. The firm had revenue of $186.77 million during the quarter, compared to the consensus estimate of $186.08 million.

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.