Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:MGU – Get Rating) declared a monthly dividend on Thursday, February 2nd, Zacks reports. Investors of record on Friday, February 24th will be paid a dividend of 0.13 per share by the investment management company on Friday, March 3rd. This represents a $1.56 annualized dividend and a yield of 6.42%. The ex-dividend date of this dividend is Thursday, February 23rd.
Macquarie Global Infrastructure Total Return Fund has decreased its dividend by an average of 5.0% per year over the last three years and has raised its dividend annually for the last 2 consecutive years.
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Macquarie Global Infrastructure Total Return Fund Stock Down 0.5 %
NYSE MGU traded down $0.12 during trading on Friday, reaching $24.29. 35,414 shares of the company traded hands, compared to its average volume of 29,718. The stock's 50 day moving average price is $23.63 and its two-hundred day moving average price is $23.07. Macquarie Global Infrastructure Total Return Fund has a 1-year low of $18.83 and a 1-year high of $26.79.
Institutional Investors Weigh In On Macquarie Global Infrastructure Total Return Fund
Institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its holdings in Macquarie Global Infrastructure Total Return Fund by 0.9% during the second quarter. Wells Fargo & Company MN now owns 333,055 shares of the investment management company's stock valued at $7,727,000 after purchasing an additional 2,974 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Macquarie Global Infrastructure Total Return Fund by 14.4% in the 1st quarter. Advisors Asset Management Inc. now owns 247,095 shares of the investment management company's stock worth $6,355,000 after acquiring an additional 31,174 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of 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 acquiring an additional 4,304 shares in the last quarter. UBS Group AG boosted its holdings in shares of Macquarie Global Infrastructure Total Return Fund by 80.5% in the 3rd quarter. UBS Group AG now owns 68,095 shares of the investment management company's stock worth $1,298,000 after acquiring an additional 30,360 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Macquarie Global Infrastructure Total Return Fund in the 1st quarter worth approximately $388,000.
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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