Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Dividend Payout Ratio : 1.91 (As of Nov. 2023)

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What is Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Dividend Payout Ratio?

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's dividend payout ratio for the months ended in Nov. 2023 was 1.91.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund is 5.76, which seems too high.

The historical rank and industry rank for Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Dividend Payout Ratio or its related term are showing as below:

MFD' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.55 Med: 0.77 Max: 10
Current: 5.76

During the past 7 years, the highest Dividend Payout Ratio of Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund was 10.00. The lowest was 0.55. And the median was 0.77.

MFD's Dividend Payout Ratio is ranked worse than
95.26% of 949 companies
in the Asset Management industry
Industry Median: 0.81 vs MFD: 5.76

As of today (2024-05-12), the Dividend Yield % of Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund is 10.39%.

During the past 7 years, the highest Trailing Annual Dividend Yield of Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund was 16.38%. The lowest was 7.43%. And the median was 10.22%.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Dividends per Share for the months ended in Nov. 2023 was $0.40.

During the past 3 years, the average Dividends Per Share Growth Rate was -2.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -8.00% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund was -2.00% per year. The lowest was -12.60% per year. And the median was -9.80% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Dividend Payout Ratio Historical Data

The historical data trend for Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Dividend Payout Ratio Chart

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Dividend Payout Ratio

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0.77

0.55

10.00

5.71

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Dividend Payout Ratio	Get a 7-Day Free Trial								4.65	0.41	-	-	1.91

Competitive Comparison of Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Dividend Payout Ratio

For the Asset Management subindustry, Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Dividend Payout Ratio falls into.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Dividend Payout Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Nov. 2023 )	/	EPS without NRI (A: Nov. 2023 )
	=	0.8	/	0.14
	=	5.71

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Dividend Payout Ratio for the quarter that ended in Nov. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Nov. 2023 )	/	EPS without NRI (Q: Nov. 2023 )
	=	0.4	/	0.209
	=	1.91

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund (NYSE:MFD) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund (NYSE:MFD) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187

Website

http://www.ftportfolios.com

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund is a diversified, closed-end management company. Its objective is to seek a high level of current return consisting of dividends, interest, and other similar income while attempting to preserve capital. The fund seeks to achieve its objective by investing in the securities of companies involved in the management, ownership, and operation of infrastructure and utilities. It also invests in senior secured loans generally considered to be high-yield securities. The company portfolio of investments consists of the investment in the common stocks, master limited partnerships, and senior floating-rate loan interests.

Executives

Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
William H Speacht	other: Investment Advisor	2005 MARKET ST, 34TH FL, PHILADELPHIA PA 19103
Thomas R Kadlec	director	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
M Keefe Denise	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler	other: Officer-Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske	other: Officer-Investment Advisor	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Robert F Keith	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Fink William J Jr	other: Officer-Investment Sub-Advisor	125 WEST 55TH STREET, LEVEL 15, NEW YORK NY 10019
Shane Shannon	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
John H Kim	other: Officer-Investment Sub-Advisor	C/O ANJIE LAROCCA, DEUTSCHE BANK, 1251 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Jonathan S Ong	other: Officer-Investment Sub-Advisor	1 MARTIN PLACE, LEVEL 21, SYDNEY C3 2000
Donald Swade	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Katherine L Urevig	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Anthony Felton	other: Officer-Investment Sub-Advisor	1 MARTIN PLACE, LEVEL 21, SYDNEY C3 2000
Andrew Maple-brown	other: Officer-Investment Sub-Advisor	125 WEST 55TH STREET, LEVEL 15, NEW YORK NY 10019