Macquarie/First Trust Global Infrstrctre (MFD) had declared a cash dividend of $0.3000 on Feb 9, 2017. The shares will quote ex-dividend on Feb 22, 2017 and the record date has been fixed for Feb 24, 2017. Based on Feb 22, 2017 share price, the yield comes out to be 9.97%. The dividend payable date has been fixed on Feb 28, 2017.
Macquarie/First Trust Global Infrstrctre (MFD) shares turned negative on Wednesdays trading session with the shares closing down -0.18 points or -1.45% at a volume of 62,820. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.45. The peak price level was also seen at $12.45 while the days lowest was $12.1654. Finally the shares closed at $12.22. The 52-week high of the shares is $13.34 while the 52-week low is $10.7. According to the latest information available, the market cap of the company is $223 M.
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund is a non-diversified closed-end management investment company. The Fund’s investment objective is to seek a high level of current return consisting of dividends interest and other similar income while attempting to preserve capital. The Fund seeks to achieve its investment objective by investing predominantly in the securities of companies that are involved in the management ownership and/or operation of infrastructure and utility assets and are expected to offer reasonably predictable income and attractive yields. Its portfolio includes companies in various sectors such as multi-utilities; transportation infrastructure; oil gas and consumable fuels; electric utilities; media; real estate investment trusts; diversified telecommunication services; independent power and renewable electricity producers and wireless telecommunication services. First Trust Advisors L.P. is the Fund’s investment advisor.