Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Get Free Report) announced a monthly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be given a dividend of 0.09 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Tuesday, September 15th.
Kayne Anderson Energy Infrastructure Fund Price Performance
Kayne Anderson Energy Infrastructure Fund stock opened at $15.07 on Wednesday. The business’s fifty day moving average is $14.43 and its two-hundred day moving average is $14.09. Kayne Anderson Energy Infrastructure Fund has a 52 week low of $11.31 and a 52 week high of $15.17.
Insider Activity
In related news, Director Michael J. Hennigan bought 15,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was bought at an average cost of $13.57 per share, with a total value of $203,550.00. Following the completion of the purchase, the director owned 20,000 shares in the company, valued at approximately $271,400. The trade was a 300.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Carita Walker bought 3,400 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Thursday, August 20th. The shares were bought at an average price of $14.70 per share, for a total transaction of $49,980.00. Following the completion of the transaction, the director directly owned 3,400 shares of the company’s stock, valued at $49,980. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 23,400 shares of company stock valued at $321,530 in the last 90 days.
Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund
About Kayne Anderson Energy Infrastructure Fund
The Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end management investment company that focuses on energy infrastructure assets. The fund’s portfolio is primarily composed of equity securities of publicly traded partnerships—including master limited partnerships (MLPs)—and other energy-related companies. Key sectors in its midstream-oriented strategy include the transportation, storage, processing and distribution of natural gas, crude oil and refined products.
Since commencing operations in 2014, Kayne Anderson Energy Infrastructure Fund has pursued a dual objective of current income generation and long-term capital appreciation.
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