Fortress Transprtn and Infr Investrs LLC Declares Quarterly Dividend of $0.33 (FTAI)

Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) announced a quarterly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.33 per share by the financial services provider on Tuesday, May 28th. This represents a $1.32 annualized dividend and a yield of 8.24%. The ex-dividend date of this dividend is Thursday, May 16th.

Fortress Transprtn and Infr Investrs has increased its dividend by an average of 40.1% annually over the last three years. Fortress Transprtn and Infr Investrs has a payout ratio of 412.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Fortress Transprtn and Infr Investrs to earn $1.15 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 114.8%.

FTAI stock opened at $16.01 on Wednesday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 145.55 and a beta of 1.24. Fortress Transprtn and Infr Investrs has a 52-week low of $12.84 and a 52-week high of $19.35.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last posted its earnings results on Thursday, May 2nd. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.14). The business had revenue of $124.63 million for the quarter, compared to analyst estimates of $122.89 million. Fortress Transprtn and Infr Investrs had a return on equity of 0.04% and a net margin of 0.02%. Fortress Transprtn and Infr Investrs’s revenue was up 81.0% compared to the same quarter last year. During the same period last year, the business earned ($0.01) EPS. As a group, equities research analysts anticipate that Fortress Transprtn and Infr Investrs will post 0.43 earnings per share for the current fiscal year.

FTAI has been the subject of a number of research reports. ValuEngine raised Fortress Transprtn and Infr Investrs from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Zacks Investment Research cut Fortress Transprtn and Infr Investrs from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. TheStreet cut Fortress Transprtn and Infr Investrs from a “b-” rating to a “c+” rating in a research note on Wednesday, May 1st. Finally, Stephens set a $19.00 price objective on Fortress Transprtn and Infr Investrs and gave the company a “buy” rating in a research note on Friday, March 1st.

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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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