Macquarie Infrastructure (MIC) Raises Quarterly Dividend 4.8% to $1.31; 6.7% Yield

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Go back to Macquarie Infrastructure (MIC) Raises Quarterly Dividend 4.8% to $1.31; 6.7% Yield

MIC Reports 2016 Financial Results In Line With Guidance, Increases Dividend

February 21, 2017 5:18 PM EST

NEW YORK, Feb. 21, 2017 /PRNewswire/ -- Macquarie Infrastructure Corporation (NYSE: MIC) today reported its financial results for fourth quarter and full year 2016.

"The performance of our businesses in the fourth quarter and the full year 2016 resulted in the generation of a better than expected amount of Adjusted Free Cash Flow," said James Hooke, chief executive officer of MIC.

MIC reported full year 2016 net income of $154.9 million, compared with a net loss of $113.8 million in 2015. Included in the full year figure was net income of $71.1 million in the fourth... More