Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Get Free Report) Director Holli Ladhani acquired 3,621 shares of the stock in a transaction on Tuesday, June 2nd. The stock was bought at an average price of $13.81 per share, with a total value of $50,006.01. Following the completion of the acquisition, the director directly owned 7,221 shares of the company’s stock, valued at $99,722.01. This trade represents a 100.58% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Kayne Anderson Energy Infrastructure Fund Stock Performance
Shares of KYN opened at $14.03 on Thursday. Kayne Anderson Energy Infrastructure Fund, Inc. has a one year low of $11.31 and a one year high of $14.69. The company has a 50-day simple moving average of $13.92 and a two-hundred day simple moving average of $13.23.
Kayne Anderson Energy Infrastructure Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.085 per share. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Monday, June 15th.
Hedge Funds 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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