Fortress Won’t Pay Third-Quarter Dividend

Sep 23 2009 | 2:47am ET

Another quarter, another cancelled dividend from Fortress Investment Group.

The New York-based private equity giant yesterday said it would not pay a third-quarter dividend, the fifth-straight quarter it will not do so. The firm, which last month reported a narrower quarterly loss, said it would hold onto the money “for potential future investment opportunities and for working capital purposes.”

Fortress last paid a dividend in the second quarter of last year. The firm went public in February 2007.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...