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

FTAI Infrastructure Inc. (NASDAQ:FIP) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, May 18th will be paid a dividend of 0.03 per share on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date 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 Trading Down 7.4%

Shares of NASDAQ FIP opened at $5.13 on Friday. The company has a debt-to-equity ratio of 110.28, a quick ratio of 1.18 and a current ratio of 1.18. The business’s 50 day moving average price is $5.45 and its 200-day moving average price is $5.30. FTAI Infrastructure has a fifty-two week low of $3.90 and a fifty-two week high of $7.93. The company has a market cap of $606.16 million, a price-to-earnings ratio of -2.23 and a beta of 1.96.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.32) earnings per share for the quarter, missing the consensus estimate of ($0.42) by ($0.90). FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 31.93%.The business had revenue of $188.36 million during the quarter, compared to analysts’ expectations of $182.41 million. The company’s revenue for the quarter 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.