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

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

FTAI Infrastructure has a 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 Trading Up 0.3%

NASDAQ FIP opened at $3.41 on Thursday. FTAI Infrastructure has a 1-year low of $3.35 and a 1-year high of $7.93. The company has a 50 day moving average of $4.39 and a 200-day moving average of $5.09. The company has a market cap of $402.93 million, a price-to-earnings ratio of -0.76 and a beta of 1.80.

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

FTAI Infrastructure Company Profile

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.