Macquarie Infrastructure (MIC) Raises Quarterly Dividend 12.1% to $1.20; 6.9% Yield
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Go back to Macquarie Infrastructure (MIC) Raises Quarterly Dividend 12.1% to $1.20; 6.9% Yield
May 2, 2016 5:05 PM EDT
Proportionately Combined Free Cash Flow increases 8.7% to $133.4
million
$1.67 per share of Proportionately Combined Free Cash Flow per share
reported, down $0.01, reflecting an increase in share count and timing
of maintenance capital expenditures
Cash dividend of $1.20 ($4.80 annualized) per share authorized, up
12.1% over the first quarter in 2015
NEW YORK--(BUSINESS WIRE)--
Macquarie Infrastructure Corporation (NYSE: MIC) reported an 8.7%
increase in proportionately combined Free Cash Flow in the first quarter
of 2016 compared with the first quarter in 2015. Proportionately
combined Free... More
April 28, 2016 5:05 PM EDT
RICHMOND, Va., April 28, 2016 /PRNewswire/ --
Solid Loss Ratio Performance And Maintained Strong Capital Positions In U.S., Canada & Australia Mortgage Insurance (MI) Businesses
Progress Made On U.S. Life Insurance Restructuring Plan:
Sales Suspended For Traditional Life Insurance And Fixed Annuity Products
Cash Expenses Reduced By Approximately $135 Million Pre-Tax On An Annualized Basis
Additional Steps Taken Toward Repatriation Of Bermuda Subsidiary
Progress Made On Isolation Of Long Term Care Insurance (LTC) Business With Successful Completion Of Bond Consent Solicitation
Net Income1 And Net...
More
