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Fortress ditches the dividend ... and doubles down on financials

bloggingstocks.com » 2008 » September » 26th » Fortress ditches the dividend ... and doubles down on financials

Tagged: fig, fortress investment group, fortressinvestmentgroup, inthenews

Filed under: Deals, Private equity Even with the huge federal government buyout, cash is still in short supply that the Federal Reserve recently loosened the restrictions on private equity firms in terms of investment stakes in banks. In light of this, one of the top private equity operators, Fortress Investment Group LLC (NYSE: FIG), is eliminating its Q3 dividend payment of $0.225 per share … Continue Reading »

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