Macquarie Infrastructure (MIC) Declares $1 Quarterly Dividend; 8.9% Yield

Macquarie Infrastructure (NYSE: MIC) declared a quarterly dividend of $1 per share, or $4 annualized.

The dividend will be payable on August 16, 2018, to stockholders of record on August 13, 2018, with an ex-dividend date of August 10, 2018.

The annual yield on the dividend is 8.9 percent.

Christopher Frost, MIC chief executive officer, said: "We are pleased with the progress on our strategic priorities, particularly the sale of BEC and momentum in repurposing and repositioning initiatives at IMTT. MIC's financial results for the second quarter continue to demonstrate the underlying strength and resilience of our businesses."

"MIC's financial and operational performance was consistent with our guidance for the year and supported the authorization of a dividend of $1.00 per share. We remain confident in the sustainability of our dividend at the current level and the prospect of dividend growth over the medium term," added Frost.

For a dividend history and other dividend-related data on Macquarie Infrastructure (MIC) click here.

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