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

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors 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 dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, November 12th.

FTAI Infrastructure has a dividend payout ratio of -14.6% 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 2.2 %

Shares of FIP stock traded up $0.18 during trading hours on Friday, reaching $8.25. 1,184,905 shares of the stock were exchanged, compared to its average volume of 1,161,664. FTAI Infrastructure has a 12-month low of $3.10 and a 12-month high of $10.45. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 5.42. The company's 50-day moving average price is $9.06 and its 200-day moving average price is $8.73. The firm has a market capitalization of $866.58 million, a price-to-earnings ratio of -4.17 and a beta of 1.28.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.17). The company had revenue of $84.89 million during the quarter. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 43.30%.

Insider Buying and Selling at FTAI Infrastructure

In other FTAI Infrastructure news, major shareholder Fig Buyer Gp, Llc sold 3,399,501 shares of the business's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $9.04, for a total value of $30,731,489.04. Following the completion of the sale, the insider now directly owns 8,418,561 shares of the company's stock, valued at $76,103,791.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, JMP Securities reissued a "market outperform" rating and issued a $12.00 price objective on shares of FTAI Infrastructure in a research report on Monday, August 5th.

About FTAI Infrastructure

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.