FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.03 per share on Wednesday, May 29th. This represents a $0.12 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Thursday, May 16th.
FTAI Infrastructure has a dividend payout ratio of -24.0% 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 Price Performance
FTAI Infrastructure stock traded up $0.29 during midday trading on Thursday, reaching $7.80. The company's stock had a trading volume of 930,459 shares, compared to its average volume of 834,832. FTAI Infrastructure has a 52 week low of $2.84 and a 52 week high of $7.87. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 3.25. The business has a 50-day moving average price of $6.37 and a 200-day moving average price of $4.74. The stock has a market cap of $793.21 million, a PE ratio of -4.32 and a beta of 1.29.
FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.47) earnings per share for the quarter. The firm had revenue of $81.44 million for the quarter. FTAI Infrastructure had a negative return on equity of 32.27% and a negative net margin of 48.71%.
Analysts Set New Price Targets
Separately, BTIG Research started coverage on FTAI Infrastructure in a report on Thursday, April 18th. They set a "buy" rating and a $10.00 price target on the stock.
Check Out Our Latest Research Report on FIP
About FTAI Infrastructure
(
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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.
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