Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) Plans $0.20 Quarterly Dividend

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) announced a quarterly dividend on Monday, November 13th, Wall Street Journal reports. Stockholders of record on Friday, November 24th will be paid a dividend of 0.20 per share by the financial services provider on Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.87%. The ex-dividend date of this dividend is Wednesday, November 22nd.

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund has decreased its dividend payment by an average of 8.7% annually over the last three years.

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Stock Up 1.9 %

MFD stock opened at $7.36 on Wednesday. Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund has a twelve month low of $6.63 and a twelve month high of $9.11. The business has a 50 day moving average of $7.06 and a 200 day moving average of $7.60.

Hedge Funds Weigh In On Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MFD. Money Concepts Capital Corp bought a new position in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund during the fourth quarter valued at $30,000. Bank of America Corp DE raised its holdings in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 86.2% during the first quarter. Bank of America Corp DE now owns 23,364 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 10,818 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 8.1% during the fourth quarter. Advisor Group Holdings Inc. now owns 94,637 shares of the financial services provider’s stock valued at $766,000 after purchasing an additional 7,121 shares during the period. UBS Group AG boosted its holdings in Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 2.2% in the third quarter. UBS Group AG now owns 120,321 shares of the financial services provider’s stock worth $835,000 after purchasing an additional 2,568 shares during the last quarter. Finally, LPL Financial LLC grew its position in Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 10.8% in the 2nd quarter. LPL Financial LLC now owns 249,862 shares of the financial services provider’s stock worth $2,199,000 after purchasing an additional 24,366 shares during the period.

About Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Macquarie Capital Investment Management, LLC and Four Corners Capital Management, LLC. The fund invests in public equity markets across the globe.