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

Key Points

• FTAI Infrastructure declared a quarterly dividend of $0.03 per share, payable September 8 to shareholders of record on August 24, representing an annualized yield of approximately 3.5%.
• The dividend may face coverage concerns: the company reported a quarterly loss of $1.41 per share, missing estimates by $0.81, and has a negative payout ratio of 16.7%.
• Shares opened at $3.41, near their 52-week low, while analysts maintain a “Moderate Buy” consensus with an average price target of $9.94, despite mixed ratings.

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Monday, August 24th will be given a dividend of 0.03 per share on Tuesday, September 8th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, August 24th.

FTAI Infrastructure has a dividend payout ratio of -16.7% 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 opened at $3.41 on Thursday. The stock has a 50 day moving average price of $4.39 and a 200 day moving average price of $5.09. FTAI Infrastructure has a 52 week low of $3.35 and a 52 week high of $7.93. The stock has a market capitalization of $402.93 million, a PE ratio of -0.76 and a beta of 1.80.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($1.41) earnings per share for the quarter, missing the consensus estimate of ($0.60) by ($0.81). FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 68.58%.The company had revenue of $186.77 million for the quarter, compared to analyst estimates of $186.08 million.

Analyst Upgrades and Downgrades

FIP has been the subject of several analyst reports. Compass Point set a $12.00 target price on shares of FTAI Infrastructure in a research note on Tuesday, June 30th. Wall Street Zen cut shares of FTAI Infrastructure from a "sell" rating to a "strong sell" rating in a research note on Monday, July 20th. JonesTrading began coverage on shares of FTAI Infrastructure in a report on Wednesday, July 1st. They issued a "buy" rating and a $8.75 target price on the stock. Citizens Jmp started coverage on FTAI Infrastructure in a report on Wednesday, July 15th. They set a "market outperform" rating and a $10.00 price target for the company. Finally, BTIG Research dropped their price objective on FTAI Infrastructure from $10.00 to $9.00 and set a "buy" rating on the stock in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $9.94.

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.

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