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

Key Points

• FTAI Infrastructure Inc. has declared a quarterly dividend of $0.03 per share, which will be paid on September 8th to investors of record as of August 25th, representing a 2.4% yield.
• The company's financials show a negative dividend payout ratio of -16.7%, indicating it cannot cover the dividend with earnings alone and is relying on its balance sheet for payments.
• FTAI's stock price has significantly declined by 20.2%, trading at $4.98, and the company reported losses of $0.73 EPS for its last quarter, missing earnings estimates by $0.36.

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) announced a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Stockholders of record on Monday, August 25th will be paid a dividend of 0.03 per share on Monday, September 8th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, August 25th.

FTAI Infrastructure has a 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 Price Performance

Shares of FIP traded down $0.10 during midday trading on Wednesday, hitting $4.66. 739,585 shares of the company traded hands, compared to its average volume of 1,419,095. The company has a debt-to-equity ratio of 7.90, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a 50-day moving average of $6.34 and a 200-day moving average of $5.57. The firm has a market cap of $534.21 million, a P/E ratio of -3.04 and a beta of 1.89. FTAI Infrastructure has a one year low of $3.10 and a one year high of $9.99.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.73) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.36). The business had revenue of $122.29 million for the quarter, compared to the consensus estimate of $151.77 million. FTAI Infrastructure had a negative net margin of 20.85% and a negative return on equity of 10.19%.

Institutional Investors Weigh In On FTAI Infrastructure

Several large investors have recently bought and sold shares of FIP. Stephens Inc. AR lifted its position in shares of FTAI Infrastructure by 10.6% during the 1st quarter. Stephens Inc. AR now owns 33,450 shares of the company's stock valued at $152,000 after buying an additional 3,200 shares in the last quarter. Invesco Ltd. increased its stake in FTAI Infrastructure by 1.8% in the 4th quarter. Invesco Ltd. now owns 196,041 shares of the company's stock worth $1,423,000 after acquiring an additional 3,409 shares during the last quarter. Aigen Investment Management LP increased its stake in FTAI Infrastructure by 16.9% in the 1st quarter. Aigen Investment Management LP now owns 24,647 shares of the company's stock worth $112,000 after acquiring an additional 3,568 shares during the last quarter. Fox Run Management L.L.C. increased its position in shares of FTAI Infrastructure by 10.5% during the 1st quarter. Fox Run Management L.L.C. now owns 42,367 shares of the company's stock valued at $192,000 after purchasing an additional 4,024 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of FTAI Infrastructure by 10.0% during the 4th quarter. MetLife Investment Management LLC now owns 65,575 shares of the company's stock valued at $476,000 after purchasing an additional 5,961 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.

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.