FTAI Infrastructure Inc. (NASDAQ:FIP – Get Free Report) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Friday, May 17th will be paid a dividend of 0.03 per share on Wednesday, May 29th. This represents a $0.12 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, May 16th.
FTAI Infrastructure has a payout ratio of -24.0% 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 Up 3.9 %
FIP stock traded up $0.29 on Thursday, hitting $7.80. 930,459 shares of the company were exchanged, compared to its average volume of 834,832. FTAI Infrastructure has a twelve month low of $2.84 and a twelve month high of $7.87. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.23 and a quick ratio of 1.23. The business’s fifty day moving average is $6.37 and its two-hundred day moving average is $4.74. The stock has a market capitalization of $793.21 million, a price-to-earnings ratio of -4.32 and a beta of 1.29.
Analyst Upgrades and Downgrades
Separately, BTIG Research started coverage on FTAI Infrastructure in a research report on Thursday, April 18th. They issued a “buy” rating and a $10.00 target price for the company.
Get Our Latest Analysis on FIP
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.
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