FTAI Infrastructure Inc. (NASDAQ:FIP – Get Free Report) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Friday, May 17th will be paid a dividend of 0.03 per share on Wednesday, May 29th. This represents a $0.12 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, May 16th.
FTAI Infrastructure has a payout ratio of -24.0% 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
FIP traded up $0.20 during trading on Thursday, hitting $7.71. The company’s stock had a trading volume of 476,468 shares, compared to its average volume of 829,376. The firm has a market capitalization of $784.06 million, a price-to-earnings ratio of -4.28 and a beta of 1.29. FTAI Infrastructure has a twelve month low of $2.84 and a twelve month high of $7.82. The business’s fifty day simple moving average is $6.31 and its 200 day simple moving average is $4.72. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 3.25.
Analyst Upgrades and Downgrades
Separately, BTIG Research initiated coverage on FTAI Infrastructure in a report on Thursday, April 18th. They issued a “buy” rating and a $10.00 target price for the company.
View Our Latest Report on FTAI Infrastructure
About FTAI Infrastructure
FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.
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