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

FTAI Infrastructure Inc. (NASDAQ:FIP) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Shareholders of record on Tuesday, November 12th will be given a dividend of 0.03 per share on Tuesday, November 19th. This represents a $0.12 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Tuesday, November 12th.

FTAI Infrastructure has a dividend payout ratio of -14.6% meaning 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 Performance

NASDAQ FIP opened at $9.00 on Friday. The company has a quick ratio of 2.10, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. FTAI Infrastructure has a twelve month low of $3.27 and a twelve month high of $10.45. The business has a 50-day moving average price of $9.00 and a 200-day moving average price of $8.81. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -4.55 and a beta of 1.36.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a “market outperform” rating and set a $12.00 price objective on shares of FTAI Infrastructure in a report on Monday, August 5th.

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.