FTAI Infrastructure Inc. to Issue Quarterly Dividend of $0.03 (NASDAQ:FIP)

FTAI Infrastructure Inc. (NASDAQ:FIP) declared a quarterly dividend on Thursday, February 26th. Stockholders of record on Friday, March 13th will be given a dividend of 0.03 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, March 13th.

FTAI Infrastructure has a dividend 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 Stock Performance

NASDAQ FIP traded down $0.22 during trading on Friday, reaching $6.22. 1,457,189 shares of the company’s stock were exchanged, compared to its average volume of 1,008,174. The business has a 50 day moving average price of $5.57 and a 200-day moving average price of $5.08. FTAI Infrastructure has a fifty-two week low of $3.10 and a fifty-two week high of $7.93. The stock has a market capitalization of $723.79 million, a P/E ratio of -2.53 and a beta of 1.86. The company has a debt-to-equity ratio of 110.28, a current ratio of 0.25 and a quick ratio of 0.25.

FTAI Infrastructure (NASDAQ:FIP) last posted its earnings results on Thursday, February 26th. The company reported ($1.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.65). FTAI Infrastructure had a negative return on equity of 75.13% and a negative net margin of 41.09%.The company had revenue of $143.52 million for the quarter, compared to analyst estimates of $169.16 million.

About FTAI Infrastructure

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.