FTAI Infrastructure Inc. (FIP) To Go Ex-Dividend on August 24th

FTAI Infrastructure Inc. (NASDAQ:FIP) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 24th will be paid a dividend of 0.03 per share on Tuesday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend 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 Stock Up 2.4%

NASDAQ:FIP opened at $3.82 on Friday. The stock’s fifty day moving average is $4.33 and its two-hundred day moving average is $4.95. FTAI Infrastructure has a 52 week low of $3.06 and a 52 week high of $6.69. The company has a market capitalization of $451.46 million, a P/E ratio of -0.74 and a beta of 1.80.

FTAI Infrastructure (NASDAQ:FIP) last announced its earnings results on Wednesday, August 5th. The company reported ($1.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.81). The firm had revenue of $186.77 million for the quarter, compared to analysts’ expectations of $186.08 million. FTAI Infrastructure had a negative net margin of 74.10% and a negative return on equity of 147.01%.

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.