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

FTAI Infrastructure Inc. (NASDAQ:FIP) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 24th will be given a dividend of 0.03 per share on Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, August 24th.

FTAI Infrastructure has a payout ratio of -16.7% 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 Trading Up 0.3%

Shares of NASDAQ FIP opened at $3.41 on Thursday. The stock has a market cap of $402.93 million, a PE ratio of -0.76 and a beta of 1.80. FTAI Infrastructure has a 12-month low of $3.35 and a 12-month high of $7.93. The company has a 50-day moving average of $4.39 and a 200 day moving average of $5.09.

FTAI Infrastructure (NASDAQ:FIP) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($1.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.81). The company had revenue of $186.77 million for the quarter, compared to analysts’ expectations of $186.08 million. FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 68.58%.

Insider Buying and Selling at FTAI Infrastructure

In other FTAI Infrastructure news, CFO Carl Russell Iv Fletcher bought 10,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were acquired at an average cost of $4.58 per share, for a total transaction of $45,800.00. Following the completion of the transaction, the chief financial officer owned 40,000 shares in the company, valued at approximately $183,200. The trade was a 33.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On FTAI Infrastructure

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of FTAI Infrastructure in the fourth quarter valued at about $1,394,000. Fifth Third Bancorp acquired a new stake in FTAI Infrastructure in the first quarter valued at about $1,839,000. First Eagle Investment Management LLC increased its position in FTAI Infrastructure by 7.1% during the 4th quarter. First Eagle Investment Management LLC now owns 2,383,921 shares of the company’s stock worth $10,990,000 after purchasing an additional 157,568 shares during the period. Royce & Associates LP raised its stake in shares of FTAI Infrastructure by 24.4% during the 4th quarter. Royce & Associates LP now owns 2,682,778 shares of the company’s stock worth $12,368,000 after buying an additional 527,000 shares in the last quarter. Finally, Doheny Asset Management CA lifted its holdings in shares of FTAI Infrastructure by 4.6% in the 4th quarter. Doheny Asset Management CA now owns 460,900 shares of the company’s stock valued at $2,125,000 after buying an additional 20,300 shares during the period. 87.43% of the stock is owned by hedge funds and other institutional investors.

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.