Macquarie Infrastructure Company LLC Declares Quarterly Dividend of $0.94 (MIC)
Macquarie Infrastructure Company (NYSE:MIC) announced a quarterly dividend on Wednesday, April 30th, American Banking News reports. Shareholders of record on Monday, May 12th will be paid a dividend of 0.9375 per share on Thursday, May 15th. This represents a $3.75 annualized dividend and a dividend yield of 6.22%. The ex-dividend date is Thursday, May 8th. This is a positive change from Macquarie Infrastructure Company’s previous quarterly dividend of $0.91.
A number of analysts have recently weighed in on MIC shares. Analysts at Macquarie downgraded shares of Macquarie Infrastructure Company from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 8th. They now have a $58.30 price target on the stock. Analysts at Ned Davis Research upgraded shares of Macquarie Infrastructure Company from a “sell” rating to a “neutral” rating in a research note on Monday, April 21st.
Shares of Macquarie Infrastructure Company (NYSE:MIC) traded up 0.28% on Monday, hitting $60.28. 252,770 shares of the company’s stock traded hands. Macquarie Infrastructure Company has a 52 week low of $50.01 and a 52 week high of $60.70. The stock has a 50-day moving average of $57.54 and a 200-day moving average of $55.21. The company has a market cap of $3.407 billion and a price-to-earnings ratio of 70.39.
Macquarie Infrastructure Company (NYSE:MIC) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.36 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.36. Analysts expect that Macquarie Infrastructure Company will post $1.39 EPS for the current fiscal year.
Macquarie Infrastructure Company LLC (NYSE:MIC) owns, operates and invests in a diversified group of infrastructure businesses in the United States.
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