Macquarie Infrastructure Company ( MIC ) will begin trading ex-dividend on August 10, 2017. A cash dividend payment of $1.38 per share is scheduled to be paid on August 17, 2017. Shareholders who purchased MIC prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 4.55% increase over prior dividend payment. At the current stock price of $75.53, the dividend yield is 7.31%.
The previous trading day's last sale of MIC was $75.53, representing a -11.61% decrease from the 52 week high of $85.45 and a 3.13% increase over the 52 week low of $73.24.
MIC is a part of the Energy sector, which includes companies such as Expeditors International of Washington, Inc. ( EXPD ) and C.H. Robinson Worldwide, Inc. ( CHRW ). MIC's current earnings per share, an indicator of a company's profitability, is $2.16. Zacks Investment Research reports MIC's forecasted earnings growth in 2017 as 7.57%, compared to an industry average of 11.2%.
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