Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) will begin trading ex-dividend on November 13, 2020. The quarterly dividend payment of $ 0.33 per share is scheduled to be paid on November 30, 2020. The dividend yield based on the latest trading day closing price was 7.44 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 13, 2020.
Dividends History
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Fortress Transportation and Infrastructure Investors LLC recently reported third quarter financial results on October 29, 2020, after market close, the New York based company unfold loss for the third quarter of $ 0.30 per share, from the revenue of $ 83.71 million. The quarterly revenues dropped 48.40 percent compared with the same quarter last year. Street analysts expected Fortress Transportation and Infrastructure Investors LLC recently reported third quarter financial results on October 29, 2020, after market close, the New York based company to report loss of $ 0.14 per share on revenue of $ 96.75 million for the third quarter. The bottom line results missed street analysts by $ 0.16 or 114.29 percent, at the same time, top line results fell short of analysts by $ 13.04 million or 13.48 percent.
Stock Performance
Shares of Fortress Transportation and Infrastructure Investors LLC traded low $ -0.13 or -0.73 percent on Wednesday, reaching $ 17.75 with volume of 439.10 thousand shares. Fortress Transportation and Infrastructure Investors LLC has traded high as $ 18.00 and has cracked $ 17.50 on the downward trend
The closing price of $ 17.75, representing a 384.55 % increase from the 52 week low of $ 3.69 and a 17.72 % decrease over the 52 week high of $ 21.73.
The company has a market capital of $ 1.52 billion and is part of the Industrials sector and Rental & Leasing Services industry.
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. The Aviation Leasing segment leases aircraft and aircraft engines.
