CBRE Global Real Estate Income Fund (NYSE:IGR) Declares Monthly Dividend of $0.06

CBRE Global Real Estate Income Fund (NYSE:IGR) announced a monthly dividend on Monday, April 8th, investing.com reports. Stockholders of record on Friday, April 19th will be paid a dividend of 0.06 per share by the closed-end fund on Tuesday, April 30th. This represents a $0.72 annualized dividend and a dividend yield of 14.86%. The ex-dividend date is Thursday, April 18th. This is an increase from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.05.

CBRE Global Real Estate Income Fund has increased its dividend payment by an average of 6.3% per year over the last three years.

CBRE Global Real Estate Income Fund Trading Up 1.4 %

Shares of NYSE IGR traded up $0.06 during midday trading on Wednesday, hitting $4.85. The company’s stock had a trading volume of 978,477 shares, compared to its average volume of 687,217. The business’s 50 day moving average is $5.14 and its two-hundred day moving average is $4.93. CBRE Global Real Estate Income Fund has a 12-month low of $3.88 and a 12-month high of $5.62.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new position in CBRE Global Real Estate Income Fund during the 2nd quarter worth $56,000. Lido Advisors LLC purchased a new position in CBRE Global Real Estate Income Fund during the 1st quarter worth $63,000. Fiduciary Group LLC increased its holdings in CBRE Global Real Estate Income Fund by 20.0% during the 1st quarter. Fiduciary Group LLC now owns 12,180 shares of the closed-end fund’s stock worth $65,000 after purchasing an additional 2,030 shares during the period. LM Advisors LLC purchased a new position in shares of CBRE Global Real Estate Income Fund in the 4th quarter valued at $67,000. Finally, XTX Topco Ltd purchased a new position in shares of CBRE Global Real Estate Income Fund in the 2nd quarter valued at $76,000.

CBRE Global Real Estate Income Fund Company Profile

CBRE Clarion Global Real Estate Income Fund specializes in investments in various property types, including office, retail, diversified, apartments, industrials, hotels, healthcare, and storage. It invests in the public equity markets across the developed markets of North America, Europe, Australia, and Asia.