7 Safe High-Yield Dividend Stocks: Macquarie Infrastructure (MIC)
MIC Dividend Yield: 6.8%
Macquarie Infrastructure Corp (NYSE:MIC) owns a number of businesses focusing on U.S. infrastructure (hence the name). Atlantic Aviation provides fuel and hangaring services at 69 airports. There’s a liquid storage and terminal business, an energy business in Hawaii, and ownership in solar and wind facilities.
In sum, the businesses are growing nicely. In January, the company reiterated guidance for free cash flow per share growth of 10%-15% in 2017 and 2018.
And yet … investors sold the stock off.
There are some concerns relating to the company’s exposure to energy, but those fears seem overblown. The liquid terminals business operates mostly on “take or pay” contracts, limiting exposure to commodity swings. Meanwhile, MIC has raised its dividend every quarter since late 2013.
Few high-yield dividend stocks offer the type of growth seen at Macquarie Infrastructure. With the dividend already sitting near 7%, MIC seems like a strong choice.
As of this writing, Vince Martin did not hold a position in any of the aforementioned securities.