|Bid||28.58 x 800|
|Ask||28.59 x 1400|
|Day's Range||28.36 - 28.97|
|52 Week Range||12.50 - 45.74|
|Beta (5Y Monthly)||1.58|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 23, 2021 - Mar 01, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jan 11, 2021|
|1y Target Est||38.00|
Macquarie Infrastructure Corporation (NYSE: MIC) announced an adjustment to the conversion ratio applicable to its 2.00% Convertible Senior Notes due 2023. The conversion ratio for the Notes increased to 12.6572 shares of common stock per $1,000 of principal amount. The increase is effective January 11, 2021. This adjustment reflects the impact of the special dividend paid by the Company on January 8, 2021 to holders of its common stock.
Macquarie Infrastructure's (MIC) sale of the IMTT business will enable it to focus more on its core businesses, and allow it to improve balance sheet and shareholders' wealth.
One thing we could say about the analysts on Macquarie Infrastructure Corporation ( NYSE:MIC ) - they aren't...