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

FTAI Infrastructure Inc. (NASDAQ:FIP) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.03 per share on Wednesday, March 26th. This represents a $0.12 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Friday, March 14th.

FTAI Infrastructure has a payout ratio of -1,200.0% 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 Stock Performance

Shares of NASDAQ:FIP traded up $0.15 on Friday, reaching $5.84. 2,444,484 shares of the company’s stock were exchanged, compared to its average volume of 1,089,075. The business’s 50-day moving average is $6.99 and its two-hundred day moving average is $8.23. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. FTAI Infrastructure has a fifty-two week low of $4.39 and a fifty-two week high of $10.45. The firm has a market capitalization of $664.27 million, a price-to-earnings ratio of -2.95 and a beta of 1.44.

FTAI Infrastructure Company Profile

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.