Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) announced a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Shareholders of record on Friday, November 17th will be paid a dividend of 0.33 per share by the financial services provider on Monday, November 27th. This represents a $1.32 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date is Thursday, November 16th.

Fortress Transportation and Infrastructure Investors has a dividend payout ratio of 600.0% meaning 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 Transportation and Infrastructure Investors to earn $0.83 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 159.0%.

Shares of Fortress Transportation and Infrastructure Investors (NYSE FTAI) traded up $0.26 during midday trading on Friday, reaching $18.51. The company’s stock had a trading volume of 212,297 shares, compared to its average volume of 143,373. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 462.00 and a beta of 1.92.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.05 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.05. Fortress Transportation and Infrastructure Investors had a positive return on equity of 0.27% and a negative net margin of 4.98%. The firm had revenue of $60.40 million during the quarter, compared to analyst estimates of $56.04 million. During the same period last year, the company posted ($0.02) EPS. The business’s quarterly revenue was up 44.8% compared to the same quarter last year. analysts anticipate that Fortress Transportation and Infrastructure Investors will post 0.15 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the company. BidaskClub raised Fortress Transportation and Infrastructure Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. TheStreet raised Fortress Transportation and Infrastructure Investors from a “c” rating to a “b-” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research downgraded Fortress Transportation and Infrastructure Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $18.25.

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Fortress Transportation and Infrastructure Investors Company Profile

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and equipment that is essential for the transportation of goods and people across the world. The Company operates through five segments Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad.

Dividend History for Fortress Transportation and Infrastructure Investors (NYSE:FTAI)

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