MIC - Macquarie Infrastructure announces $11.00 special dividend from IMTT business sale proceeds stock +8% AH

Macquarie Infrastructure (MIC) declares $11.00/share special dividend, returning all the net proceeds to shareholders from $2.67B sale of its International-Matex Tank Terminals ((IMTT)) business.Payable Jan. 8; for shareholders of record Jan. 5; ex-div Jan. 11."With the successful completion of the sale of IMTT we will focus our resources on the operation of our remaining businesses, both of which are performing in line with our expectations, and on the sale of the Company or those businesses separately as a means of unlocking additional value for shareholders," says MIC CEO Christopher Frost.Stock up 8% in post-market session. See MIC Dividend Scorecard, Yield Chart, & Dividend Growth.

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Macquarie Infrastructure announces $11.00 special dividend from IMTT business sale proceeds, stock +8% AH