FTAI Infrastructure Inc. (FIP) to Issue Quarterly Dividend of $0.03 on August 20th

FTAI Infrastructure Inc. (NASDAQ:FIP) announced a quarterly dividend on Thursday, August 1st, Zacks reports. Investors of record on Monday, August 12th will be paid a dividend of 0.03 per share on Tuesday, August 20th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, August 12th.

FTAI Infrastructure has a dividend payout ratio of -18.8% 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 2.0 %

NASDAQ:FIP traded down $0.20 during trading hours on Friday, hitting $9.83. 1,570,202 shares of the stock were exchanged, compared to its average volume of 1,564,174. The company’s 50 day moving average is $8.89 and its two-hundred day moving average is $6.93. The company has a market capitalization of $999.61 million, a P/E ratio of -5.07 and a beta of 1.31. FTAI Infrastructure has a twelve month low of $2.84 and a twelve month high of $10.45. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 3.95.

FTAI Infrastructure (NASDAQ:FIP) last released its earnings results on Friday, August 2nd. The company reported ($0.52) earnings per share (EPS) for the quarter. FTAI Infrastructure had a negative net margin of 49.44% and a negative return on equity of 37.21%. The business had revenue of $84.89 million for the quarter.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. BTIG Research boosted their target price on FTAI Infrastructure from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. JMP Securities increased their target price on FTAI Infrastructure from $11.00 to $12.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd.

FTAI Infrastructure Company Profile

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.