Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) Announces $0.33 Quarterly Dividend

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Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) announced a quarterly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Friday, August 16th will be paid a dividend of 0.33 per share by the financial services provider on Tuesday, August 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date of this dividend is Thursday, August 15th.

Fortress Transprtn and Infr Investrs has increased its dividend by an average of 40.1% per year over the last three years. Fortress Transprtn and Infr Investrs has a dividend payout ratio of 412.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Fortress Transprtn and Infr Investrs to earn $1.24 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 106.5%.

Shares of NYSE FTAI opened at $14.95 on Wednesday. The business’s 50 day moving average price is $15.15. The firm has a market cap of $1.29 billion, a P/E ratio of 135.91 and a beta of 1.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.14 and a quick ratio of 0.14. Fortress Transprtn and Infr Investrs has a 1 year low of $12.84 and a 1 year high of $18.87.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.10. Fortress Transprtn and Infr Investrs had a net margin of 3.74% and a return on equity of 1.78%. The firm had revenue of $159.00 million during the quarter, compared to the consensus estimate of $138.74 million. During the same quarter last year, the firm earned $0.01 EPS. The firm’s revenue for the quarter was up 120.9% on a year-over-year basis. As a group, equities research analysts forecast that Fortress Transprtn and Infr Investrs will post 0.55 earnings per share for the current fiscal year.

Several research firms recently weighed in on FTAI. ValuEngine downgraded shares of Fortress Transprtn and Infr Investrs from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. TheStreet upgraded shares of Fortress Transprtn and Infr Investrs from a “c” rating to a “b” rating in a report on Friday, August 2nd. Finally, Zacks Investment Research upgraded shares of Fortress Transprtn and Infr Investrs from a “strong sell” rating to a “buy” rating and set a $17.00 target price for the company in a report on Monday, August 5th.

Fortress Transprtn and Infr Investrs Company Profile

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.

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Dividend History for Fortress Transprtn and Infr Investrs (NYSE:FTAI)

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