Kayne Anderson Energy Infrastructure Fund, Inc. to Issue Quarterly Dividend of $0.22 (NYSE:KYN)

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) declared a quarterly dividend on Tuesday, March 26th, NASDAQ reports. Stockholders of record on Friday, April 5th will be given a dividend of 0.22 per share by the financial services provider on Friday, April 12th. This represents a $0.88 annualized dividend and a dividend yield of 8.84%. The ex-dividend date of this dividend is Thursday, April 4th.

Kayne Anderson Energy Infrastructure Fund has raised its dividend by an average of 2.1% annually over the last three years and has raised its dividend every year for the last 4 years.

Kayne Anderson Energy Infrastructure Fund Trading Up 1.3 %

Shares of Kayne Anderson Energy Infrastructure Fund stock traded up $0.12 on Wednesday, hitting $9.96. The company had a trading volume of 347,641 shares, compared to its average volume of 540,104. The business has a 50-day simple moving average of $9.05 and a 200-day simple moving average of $8.67. Kayne Anderson Energy Infrastructure Fund has a 52 week low of $7.84 and a 52 week high of $9.98.

Insider Activity

In other Kayne Anderson Energy Infrastructure Fund news, President James C. Baker bought 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was acquired at an average cost of $8.84 per share, with a total value of $442,000.00. Following the completion of the purchase, the president now directly owns 681,039 shares in the company, valued at $6,020,384.76. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KYN. Morgan Stanley boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 3.2% in the 3rd quarter. Morgan Stanley now owns 5,674,705 shares of the financial services provider’s stock valued at $47,724,000 after purchasing an additional 177,553 shares during the period. Bank of America Corp DE lifted its holdings in Kayne Anderson Energy Infrastructure Fund by 12.9% during the 1st quarter. Bank of America Corp DE now owns 3,044,706 shares of the financial services provider’s stock valued at $26,306,000 after purchasing an additional 348,488 shares during the last quarter. Royal Bank of Canada lifted its holdings in Kayne Anderson Energy Infrastructure Fund by 39.7% during the 4th quarter. Royal Bank of Canada now owns 2,223,634 shares of the financial services provider’s stock valued at $19,522,000 after purchasing an additional 632,382 shares during the last quarter. Wells Fargo & Company MN increased its position in Kayne Anderson Energy Infrastructure Fund by 6.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,107,777 shares of the financial services provider’s stock valued at $9,483,000 after acquiring an additional 63,630 shares in the last quarter. Finally, Quantedge Capital Pte Ltd increased its position in Kayne Anderson Energy Infrastructure Fund by 21.3% in the 1st quarter. Quantedge Capital Pte Ltd now owns 1,019,387 shares of the financial services provider’s stock valued at $9,399,000 after acquiring an additional 179,091 shares in the last quarter.

About Kayne Anderson Energy Infrastructure Fund

Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector.