FTAI Infrastructure Inc. (NASDAQ:FIP – Get Free Report) shares traded up 5.9% during trading on Monday . The stock traded as high as $5.05 and last traded at $5.09. 183,501 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,164,031 shares. The stock had previously closed at $4.80.
FTAI Infrastructure Stock Up 8.2 %
The firm has a market capitalization of $590.91 million, a P/E ratio of -2.62 and a beta of 1.52. The firm’s 50-day moving average is $6.54 and its 200 day moving average is $7.89. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42.
FTAI Infrastructure Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a $0.03 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.12 annualized dividend and a yield of 2.31%. FTAI Infrastructure’s payout ratio is currently -4.36%.
Institutional Investors Weigh In On FTAI Infrastructure
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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