The Company’s Board approved an increase in its quarterly cash dividend from $0.625 per share to $0.6875 per share. The 10% increase in the cash dividend to $2.75 per share is consistent with MIC’s current intent to return a substantial proportion of the cash it generates to shareholders. The increased dividend will be paid on November 15, 2012 to shareholders of record on November 12, 2012.MIC reported that it has received all distributions for periods through and including the second quarter of 2012 from its investment in International-Matex Tank Terminals, or IMTT, a bulk liquid storage terminal business, consistent with the Shareholders’ Agreement between the Company and its co-investor in the business. The distributions include payments totaling $50.3 million for the first and second quarters of 2012, $18.2 million of which had been received earlier in the year.
Macquarie Infrastructure Company LLC Reports Third Quarter 2012 Financial Results, Increases Cash Dividend To $2.75 Annualized
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