Noteworthy Dividend Flows: Macquarie Infrastructure Company (NYSE:MIC) will be paying shareholders dividends of $1.29 on Nov 15, 2016.

Noteworthy Dividend Flows: Macquarie Infrastructure Company (NYSE:MIC) will be paying shareholders dividends of $1.29 on Nov 15, 2016.

Macquarie Infrastructure Company (NYSE:MIC) is expected to pay $1.29 on Nov 15, 2016. The indicated annual dividend is $5.16. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Macquarie Infrastructure Company’s current price of $80.56, the dividend is 1.60%. This dividend’s record date is Nov 10, 2016 and the announcement date is Nov 1, 2016. The stock decreased 3.11% or $2.59 during the last trading session, hitting $80.56. About 100 shares traded hands. Macquarie Infrastructure Corp (NYSE:MIC) has risen 20.24% since April 5, 2016 and is uptrending. It has outperformed by 18.28% the S&P500.

Macquarie Infrastructure Corporation owns, operates and invests in a diversified group of infrastructure businesses providing basic services to clients in the United States. The company has a market cap of $6.74 billion. The Company’s businesses consist of a bulk liquid terminals business, International-Matex Tank Terminals, an airport services business, Atlantic Aviation, a gas processing and distribution business, Hawaii Gas, and entities comprising a Contracted Power and Energy segment. It has a 56.23 P/E ratio.

Insitutional Activity: The institutional sentiment increased to 1.38 in 2016 Q2. Its up 0.32, from 1.06 in 2016Q1. The ratio increased, as 34 funds sold all Macquarie Infrastructure Corp shares owned while 82 reduced positions. 37 funds bought stakes while 123 increased positions. They now own 63.66 million shares or 6.29% less from 67.93 million shares in 2016Q1.
Knott David M has invested 0% of its portfolio in Macquarie Infrastructure Corp (NYSE:MIC). Diam Com has 25,395 shares for 0.03% of their US portfolio. Barclays Public Ltd Liability Com, a United Kingdom-based fund reported 2,439 shares. Archer Cap Management L P owns 655,966 shares or 9.48% of their US portfolio. Neuberger Berman Grp Ltd Liability Co accumulated 222,467 shares or 0.02% of the stock. Blackrock Institutional Com Na holds 0.02% of its portfolio in Macquarie Infrastructure Corp (NYSE:MIC) for 1.91 million shares. Associate Ny holds 0.41% of its portfolio in Macquarie Infrastructure Corp (NYSE:MIC) for 3,300 shares. Moreover, Creative Planning has 0% invested in Macquarie Infrastructure Corp (NYSE:MIC) for 6,996 shares. Macquarie Grp Incorporated Ltd reported 5.99 million shares or 1.07% of all its holdings. Sei Invests Co last reported 43,998 shares in the company. Gabelli Funds Lc accumulated 700,400 shares or 0.31% of the stock. Moreover, Zacks has 0.02% invested in Macquarie Infrastructure Corp (NYSE:MIC) for 9,933 shares. Bluemountain Mgmt Limited Liability Co has 7,628 shares for 0.01% of their US portfolio. Northern Tru Corporation has invested 0.01% of its portfolio in Macquarie Infrastructure Corp (NYSE:MIC). First Mercantile Tru Company owns 37,793 shares or 0.35% of their US portfolio.

Macquarie Infrastructure Corp (NYSE:MIC) Ratings Coverage

Out of 3 analysts covering MacQuarie Infrastructure (NYSE:MIC), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. MacQuarie Infrastructure has been the topic of 6 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, November 4 by RBC Capital Markets. The stock of Macquarie Infrastructure Corp (NYSE:MIC) earned “Outperform” rating by RBC Capital Markets on Wednesday, November 2. RBC Capital Markets maintained Macquarie Infrastructure Corp (NYSE:MIC) rating on Wednesday, August 5. RBC Capital Markets has “Outperform” rating and $108 price target. The company was maintained on Thursday, March 24 by JP Morgan.

More important recent Macquarie Infrastructure Corp (NYSE:MIC) news were published by: Seekingalpha.com which released: “Is Macquarie Infrastructure Corp A Buy?” on March 24, 2016, also Businesswire.com published article titled: “Macquarie Infrastructure Corporation Announces Additional Growth Investments”, Forbes.com published: “Macquarie Infrastructure (MIC) Passes Through 6% Yield Mark” on July 18, 2016. More interesting news about Macquarie Infrastructure Corp (NYSE:MIC) was released by: Businesswire.com and their article: “Macquarie Infrastructure Corporation Announces New Chief Financial Officer” with publication date: June 18, 2015.

MIC Company Profile

Macquarie Infrastructure Corporation, incorporated on April 13, 2004, owns, operates and invests in a diversified group of infrastructure businesses providing basic services to clients in the United States. The Company’s businesses consist of a bulk liquid terminals business, International-Matex Tank Terminals, an airport services business, Atlantic Aviation, a gas processing and distribution business, Hawaii Gas, and entities comprising a Contracted Power and Energy segment. MIC is managed by a wholly-owned subsidiary of the Macquarie Group.

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