MIC - Macquarie Infrastructure: Q2 Earnings Review - Dividend Return Is Highly Questionable

Macquarie Infrastructure Corporation (MIC) have recently posted results from the Q2 exit and have missed estimates of EPS by $0.05 and revenue expectations by 14.2%. Earlier this year, the company slashed dividend payments to shareholders in order to preserve liquidity and prevent value erosion on the back of the economic fallout from COVID-19 around the globe. Most recently, their existing Atlantic Aviation ((AA)) and Hawaii Gas ((HG)) markets have shown a slowdown in cash generation on the back of significant reductions in air passenger traffic, stay at home orders and overall contraction in

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