Dividend Runner: Gulf Island Fabrication, Inc. (NASDAQ:GIFI) dividends of $0.01 are projected for the near future; this is why.

Dividend Runner: Gulf Island Fabrication, Inc. (NASDAQ:GIFI) dividends of $0.01 are projected for the near future; this is why.

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) is expected to pay $0.01 on Nov 23, 2016. The indicated annual dividend is $0.04. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Gulf Island Fabrication, Inc.’s current price of $9.70, the dividend is 0.10%. This dividend’s record date is Nov 10, 2016 and the announcement date is Nov 4, 2016. The stock closed at $9.7 during the last session. It is down 28.99% since April 5, 2016 and is uptrending. It has outperformed by 27.03% the S&P500.

Gulf Island Fabrication, Inc. is a holding company. The company has a market cap of $144.77 million. The Company, along with its subsidiaries, is a fabricator of steel platforms and other specialized structures for clients in the offshore gas and oil industry. It currently has negative earnings. It also performs onshore and offshore construction and fabrication services for clients in the marine industry.

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.65, from 1.65 in 2016Q1. The ratio is negative, as 17 funds sold all Gulf Island Fabrication, Inc. shares owned while 26 reduced positions. 7 funds bought stakes while 36 increased positions. They now own 9.53 million shares or 13.56% less from 11.03 million shares in 2016Q1.
Capstone Asset Management has 24,420 shares for 0.01% of their US portfolio. Wells Fargo & Mn holds 0% or 12,600 shares in its portfolio. Jacobs Levy Equity Mgmt Inc reported 67,933 shares or 0.01% of all its holdings. Comerica Comml Bank owns 13,413 shares or 0% of their US portfolio. Qs Ltd Liability last reported 0% of its portfolio in the stock. Springbank Value Ltd Partnership has 0.72% invested in the company for 61,817 shares. Art Advsr Limited Com has invested 0% of its portfolio in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). National Bank Of New York Mellon has 319,484 shares for 0% of their US portfolio. Jpmorgan Chase Co accumulated 138,592 shares or 0% of the stock. Deutsche Bank & Trust Ag has invested 0% of its portfolio in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Foundry Prtn Ltd Liability Com owns 165,240 shares or 0.07% of their US portfolio. Ancora Advsrs Ltd Liability Corporation accumulated 78,500 shares or 0.06% of the stock. Amer Intll Gp has 2,268 shares for 0% of their US portfolio. Boston Prns accumulated 78,834 shares or 0% of the stock. Blackrock Institutional Na reported 477,740 shares or 0% of all its holdings.

Insider Transactions: Since September 20, 2016, the stock had 0 buys, and 1 sale for $17,282 net activity. $17,282 worth of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) was sold by DUMAS JERRY D SR on Tuesday, September 20.

More notable recent Gulf Island Fabrication, Inc. (NASDAQ:GIFI) news were published by: Marketwatch.com which released: “Gulf Island Fabrication Inc.” on February 27, 2011, also Businesswire.com with their article: “Gulf Island Fabrication, Inc. Announces Agreement to Acquire LEEVAC Shipyards …” published on December 23, 2015, Businesswire.com published: “Gulf Island Fabrication, Inc. Reports Third Quarter Earnings” on October 27, 2016. More interesting news about Gulf Island Fabrication, Inc. (NASDAQ:GIFI) were released by: Quotes.Wsj.com and their article: “News Gulf Island Fabrication Inc.GIFI” published on February 11, 2011 as well as Nola.com‘s news article titled: “Gulf Island Fabrication eyeing Mexico expansion” with publication date: June 11, 2015.

GIFI Company Profile

Gulf Island Fabrication, Inc. (Gulf Island), incorporated on April 27, 1989, is a holding company. The Company, along with its subsidiaries, is a fabricator of steel platforms and other specialized structures for clients in the offshore gas and oil industry. The Firm also performs onshore and offshore construction and fabrication services for clients in the marine industry. The Company’s primary activity is the fabrication of offshore drilling and production platforms and other steel structures for clients in the gas and oil and marine industries, including jackets and deck sections of fixed production platforms, hull, tendon, and/or deck sections of floating production platforms, such as tension leg platforms (TLPs); Spars; floating production, storage and offloading (FPSO) and Minimum Deepwater Operating Concept (MinDoc), piles, wellhead protectors, subsea templates, and various production, compressor, and utility modules. The Firm conducts its activities through its subsidiaries, which include Gulf Island, L.L.C.; Gulf Marine Fabricators, L.P.; Gulf Island Marine Fabricators, L.L.C.; Gulf Island Shipyards, L.L.C.; Dolphin Services, L.L.C.; and Dolphin Steel Sales, L.L.C.

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