No Dividend—Again—For Fortress Investors

Sep 24 2010 | 11:50am ET

Fortress Investment Group shareholders can be forgiven for wondering if they’ll ever receive a dividend again.

The New York-based alternative investments giant said yesterday that it would not pay a third-quarter dividend. It is the ninth consecutive quarter that Fortress has chosen to withhold a dividend; the firm hasn’t paid one since the second quarter of 2008.

Fortress said it would retain capital for potential future investment opportunities and working capital purposes.

The $41.7 billion firm had $167.5 million in cash at the end of the second quarter.

Fortress shares are down about 20% this year.


In Depth

Steinbrugge: Will Hedge Funds Help or Hurt During the Next Market Correction?

Sep 7 2016 | 11:55pm ET

Most investors have become accustomed to quick rebounds when markets correct, but...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...