Kayne Anderson Energy Infrastructure Fund, Inc. Plans Monthly Dividend of $0.08 (NYSE:KYN)

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) declared a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be paid a dividend of 0.08 per share by the financial services provider on Monday, June 30th. This represents a $0.96 annualized dividend and a yield of 7.80%. The ex-dividend date of this dividend is Friday, June 13th.

Kayne Anderson Energy Infrastructure Fund Stock Performance

NYSE:KYN opened at $12.31 on Thursday. The business has a 50 day moving average of $11.90 and a 200 day moving average of $12.55. Kayne Anderson Energy Infrastructure Fund has a 1-year low of $9.72 and a 1-year high of $13.69.

Insiders Place Their Bets

In related news, President James C. Baker acquired 25,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average price of $11.41 per share, with a total value of $285,250.00. Following the transaction, the president now directly owns 761,040 shares in the company, valued at approximately $8,683,466.40. This represents a 3.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders acquired 74,350 shares of company stock worth $863,047.

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.