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

Key Points

• FTAI Infrastructure declared a $0.03 quarterly dividend — shareholders of record on May 18 will be paid on June 12, implying about a 2.3% annualized yield (ex-dividend date May 18).
• Dividend sustainability is a concern — a dividend payout ratio of -16.7% indicates the company cannot currently cover the dividend with earnings and is relying on its balance sheet.
• Q1 results showed an EPS miss despite strong revenue growth — the company reported a ($1.32) EPS vs. a ($0.42) consensus, while revenue rose 95.8% year-over-year to $188.36 million.

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, May 18th will be given a dividend of 0.03 per share on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, May 18th.

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 opened at $5.13 on Friday. The firm has a market cap of $606.16 million, a price-to-earnings ratio of -2.23 and a beta of 1.96. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 110.28. The business has a 50-day moving average price of $5.45 and a 200-day moving average price of $5.30. FTAI Infrastructure has a twelve month low of $3.90 and a twelve month high of $7.93.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($1.32) EPS for the quarter, missing analysts' consensus estimates of ($0.42) by ($0.90). FTAI Infrastructure had a negative net margin of 31.93% and a negative return on equity of 147.01%. The firm had revenue of $188.36 million for the quarter, compared to the consensus estimate of $182.41 million. FTAI Infrastructure's revenue was up 95.8% compared to the same quarter last year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.