Fortress Investment Group LLC (NYSE:FIG) Announced Its Quarterly-Dividend


Dallas, Texas 11/04/2013 (Financialstrend) – Fortress Investment Group LLC (NYSE:FIG) announced its quarterly-dividend on Friday, 1 November.  Stockholders of record on 12 November will be paid this dividend of $0.06/ share on Friday, 15 November. This represents a $0.24 annualized-dividend and a dividend-yield of 2.81%. The ex-dividend date is 7 November.

Numerous analysts have weighed on Fortress Investment Group LLC (NYSE:FIG) shares recently. Jefferies Group analysts raised their PT on shares Fortress Investment Group LLC (NYSE:FIG) from $8.00 to $9.00 Friday and currently have a “hold” rating on the company’s stock. RBC Capital analysts raised their PT on the company’s shares from $10.00 to $11.00 on 8 October and now have set an “outperform” rating on the company’s stock. Three investment-analysts have assigned a “hold” rating and 4 have assigned a “buy” rating to the stock. Currently, the average rating on the company’s shares is a “Buy” and the average PT is $8.81.

Friday’s trading

In Friday’s trading, Fortress Investment Group LLC (NYSE:FIG) rose by 3.52%. The opening price of the shares was $8.25, which climbed to an intraday high of $8.54 which was also the closing price for the day. Approximately 1.02 million shares were traded on Friday while an average volume of 0.907 million shares were traded over a 30 day period. The 52-week low of Fortress Investment Group LLC (NYSE:FIG) shares is $3.73 and its 52-week high is $9.10. The company has a market capitalization of $4.15 billion.

About the company

Fortress Investment Group LLC (NYSE:FIG) is a global investment-management firm. Its offerings of alternative-investment products include private equity-funds, liquid hedge funds & credit funds. The company manages its assets in 3 businesses: 1- Private Equity, 2- Liquid Hedge Funds and 3- Credit Funds. Private Equity manages the assets under management. Liquid Hedge Funds invests globally in fixed income, currency, equity & commodity-markets and related-derivatives.