Macquarie Infrastructure Stock To Go Ex-dividend Tomorrow (MIC)

NEW YORK ( TheStreet) -- The ex-dividend date for Macquarie Infrastructure Company (NYSE: MIC) is tomorrow, May 10, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $35.19 as of 9:30 a.m. ET, the dividend yield is 2.3%.

The average volume for Macquarie Infrastructure has been 174,800 shares per day over the past 30 days. Macquarie Infrastructure has a market cap of $1.64 billion and is part of the services sector and wholesale industry. Shares are up 26.8% year to date as of the close of trading on Tuesday.

Macquarie Infrastructure Company LLC, through its subsidiaries, owns, operates, and invests in a diversified group of infrastructure businesses in the United States. The company has a P/E ratio of 54.4, equal to the average wholesale industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Macquarie Infrastructure as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Macquarie Infrastructure Ratings Report.

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