Preferred A Shares: 11% Yield, 16X Coverage, Q2 Update

Under the current COVID-19 economic recession, with its many travel quarantines, you'd think that aviation-linked businesses would be dying on the vine. This preferred stock yields 11%, and goes ex-dividend in late August. it just reported Q2 2020 earnings. Preferred coverage was solid, at 16.6X for Q1-2 2020. The common stock yields 8.4%. 

Fortress Transportation (FTAI) acquires infrastructure and equipment that's essential for the transportation of goods and people globally. FTAI currently invests across four market sectors: aviation, energy, intermodal transport and rail. Can FTAI still make money in this environment? Its assets are split between Aviation Leasing, (65.7%) and Infrastructure (34.3%). Like some of the other dividend stocks in our recent articles, FTAI also has some attractive option-selling yields.

Source: Seeking Alpha

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