Macquarie Infrastructure Stock To Go Ex-dividend Tomorrow (MIC)
NEW YORK (TheStreet) -- The ex-dividend date for Macquarie Infrastructure Company (NYSE:MIC) is tomorrow, November 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $27.79 as of 9:30 a.m. ET, the dividend yield is 2.9%. The average volume for Macquarie Infrastructure has been 275,200 shares per day over the past 30 days. Macquarie Infrastructure has a market cap of $1.3 billion and is part of the services sector and wholesale industry. Shares are up 30.8% year to date as of the close of trading on Monday. Macquarie Infrastructure Company LLC invests, owns, and operates in a diversified group of infrastructure businesses in the United States. Its businesses comprise the energy-related businesses and an aviation-related business. The company has a P/E ratio of 66, above the average wholesale industry P/E ratio of 57.1 and above the S&P 500 P/E ratio of 17.7.
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