Michael Novogratz is the president of investment firm Fortress Investment Group. Prior to joining Fortress, he was a partner at Goldman Sachs. He is a graduate of Princeton University, where he was a member of the wrestling team. He is a former U.S. Army helicopter pilot.

Fortress Investment Group LLC is an American investment management firm based in New York City. The company went public on February 9, 2007. As of December 2012, the firm managed alternative assets in private equity, liquid hedge funds and credit funds.

Thursday, May 9, 2013

Fortress Investment Group LLC (FIG) Ex-Dividend Date Scheduled for May 10, 2013

Fortress Investment Group LLC ( FIG ) will begin trading ex-dividend on May 10, 2013. A cash dividend payment of $0.06 per share is scheduled to be paid on May 17, 2013. Shareholders who purchased FIG stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 20% increase over the same period a year ago. At the current stock price of $7.07, the dividend yield is 3.39%.
The previous trading day's last sale of FIG was $7.07, representing a -2.55% decrease from the 52 week high of $7.26 and a 147.2% increase over the 52 week low of $2.86.
FIG is a part of the Finance sector, which includes companies such as Franklin Resources, Inc. ( BEN ) and AMERIPRISE FINANCIAL SERVICES, INC. ( AMP ). FIG's current earnings per share, an indicator of a company's profitability, is $.13. Zacks Investment Research reports FIG's forecasted earnings growth in 2013 as 30.38%, compared to an industry average of 9.1%.

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