Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:MGU – Get Rating) announced a monthly dividend on Tuesday, October 4th, Zacks reports. Stockholders of record on Friday, October 21st will be given a dividend of 0.13 per share by the investment management company on Friday, October 28th. This represents a $1.56 annualized dividend and a dividend yield of 7.60%. The ex-dividend date of this dividend is Thursday, October 20th.
Macquarie Global Infrastructure Total Return Fund has decreased its dividend by an average of 9.1% annually over the last three years and has raised its dividend annually for the last 2 consecutive years.
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NYSE MGU opened at $20.52 on Thursday. The business's fifty day moving average is $23.65 and its 200 day moving average is $24.09. Macquarie Global Infrastructure Total Return Fund has a fifty-two week low of $19.05 and a fifty-two week high of $26.79.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors bought a new stake in Macquarie Global Infrastructure Total Return Fund during the 2nd quarter worth approximately $25,000. Advisor Group Holdings Inc. lifted its stake in shares of Macquarie Global Infrastructure Total Return Fund by 9.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 10,081 shares of the investment management company's stock valued at $259,000 after buying an additional 857 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Macquarie Global Infrastructure Total Return Fund during the 1st quarter valued at $388,000. UBS Group AG increased its stake in Macquarie Global Infrastructure Total Return Fund by 30.1% in the 1st quarter. UBS Group AG now owns 38,443 shares of the investment management company's stock worth $989,000 after buying an additional 8,890 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Macquarie Global Infrastructure Total Return Fund by 2.0% in the 1st quarter. Royal Bank of Canada now owns 215,544 shares of the investment management company's stock worth $5,544,000 after buying an additional 4,304 shares in the last quarter.About Macquarie Global Infrastructure Total Return Fund
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Macquarie Global Infrastructure Total Return Fund Inc is a closed-ended equity mutual fund launched and managed by Macquarie Fund Adviser, LLC. The fund invests in the public equity markets across the globe. It typically invests in companies operating in the infrastructure sector. Macquarie Global Infrastructure Total Return Fund Inc was formed on August 26, 2005 and is domiciled in the United States.
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