Most people have never heard of Macquarie Infrastructure Corp (NYSE:MIC), but the company offers one of the biggest cash payouts in the entire stock market. Headquartered in New York City, Macquarie Infrastructure owns and operates a portfolio of infrastructure and infrastructure-like businesses in the United States.
What is impressive, though, is the company’s ability to generate free cash flow. You see, Macquarie Infrastructure Corp generated $327.0 million in adjusted free cash flow from continuing operations in the first nine months of 2019. To put that in perspective, the company paid $258.0 million in dividends for this period. As a result, MIC stock had a payout ratio of 78.9%. Now, here’s the neat part. Other than collecting a hefty dividend, there might be another way for Macquarie Infrastructure stock investors to get paid. On the same day as its third-quarter earnings report, Macquarie Infrastructure announced that it would pursue strategic alternatives, including the sale of the company or its operating businesses in an effort to unlock value for shareholders.
Source: Income Investors
Related Articles:
- 5 Healthcare Stocks With Growing Dividends Yielding In Excess of 2%
- 3 Powerful Concepts for Compounding Wealth with Dividend Stocks
- Why We Are Dividend Growth Investors
- 3 Higher Yielding, Lower Risk Stocks To Perk Up Your Dividend Income
- 8 Dividend Growth Stocks With Very Little Debt
Will This 9.6% Yielder Provide More Than Just Dividends?
Posted by D4L | Monday, December 16, 2019 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
If you're looking for income, turning to your investment portfolio is a natural choice. Lately, that's been a tough assignment, beca...
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
All seven equities on this list have dividend yields above 13%, but the highest one yields nearly 27%! In addition, each equity has a positi...
-
Dividend-payng semiconductor stocks to buy during a computer chip shortage for electric vehicles (EV), smartphones and other technology prod...
-
Dividend safety is especially important when stock prices are falling. Many companies cut their dividend payouts in 2020 during the coronavi...
-
Investors in retirement may desire additional income. Those who don’t have a pension are likely relying on Social Security, and their retire...
-
The four dividend-paying retail technology stocks to buy towered over the rest at a BoA Global Research Consumer & Retail Technology C...
-
Investing in dividend-paying stocks is a good way to generate fairly reliable income. However, that strategy doesn't necessarily mean yo...
-
Sometimes, stocks are a bargain because the company's prospects are being overlooked, and sometimes, it's just the result of a broad...
-
High yields are often found in sectors that are out of favor, which is why you can get some pretty impressive dividends from the energy sect...

0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.