Macquarie Global Infrastructure Total Return Fund (NYSE: MGU) stock tumbled -0.67% to $20.50 in the after-market after the company Board of Directors approved a daily payout of $0.075 per share for the month ending Nov. 30, 2020.
The $0.075 per share payout is equivalent to an annualized distribution rate of 3.73 percent at NAV and 4.36 percent at market price, based on the Fund’s net asset value per share of $24.11 and the New York Stock Exchange closing market price of $20.63 on Nov. 30, 2020.
A part of dividends can be regarded as payable from assets other than net profits, including but not limited to short-term capital gains, long-term capital gains, and capital returns.
After Dec. 31, 2020, the Fund will make the final assessment of the source of all dividends in 2020, including the percentage of taxable dividend income.
This payout will be due on Dec. 28, 2020, with an ex-dividend date of Dec. 17, 2020, to shareholders of record on Dec. 18, 2020.