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
Dividend Growth Stocks News
- 2 Dividend Stocks That are Holding Their Own in 2025 - AOL.com - 5/17/2025
- Tesla Started the Ball Rolling and It Could Mean a 9,000% Growth Driver for These 3 Dividend Stocks - The Motley Fool - 5/17/2025
- The Smartest Dividend Stocks to Buy With $5,000 Right Now - AOL.com - 5/14/2025
- 2 Dividend Stocks That are Holding Their Own in 2025 - 24/7 Wall St. - 5/17/2025
- 3 UK Dividend Stocks To Watch With Up To 5.1% Yield - Yahoo Finance - 5/15/2025
- Automatic Data Processing Inc. (ADP) Dividend Stock Analysis - 5/16/2025
- Air Products and Chemicals Inc. (APD) Dividend Stock Analysis - 5/9/2025
- Waste Management, Inc. (WM) Dividend Stock Analysis - 5/2/2025
- Wal-Mart Stores, Inc. (WMT) Dividend Stock Analysis - 4/25/2025
- Abbott Laboratories (ABT) Dividend Stock Analysis - 4/18/2025
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)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.