Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Plans Monthly Dividend of $0.09

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYNGet 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

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Johnson Investment Counsel Inc. boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 2.0% in the fourth quarter. Johnson Investment Counsel Inc. now owns 42,491 shares of the financial services provider’s stock valued at $526,000 after acquiring an additional 821 shares during the last quarter. Secure Asset Management LLC lifted its position in Kayne Anderson Energy Infrastructure Fund by 1.0% during the 2nd quarter. Secure Asset Management LLC now owns 79,697 shares of the financial services provider’s stock valued at $1,102,000 after purchasing an additional 827 shares during the period. Chicago Partners Investment Group LLC boosted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 3.4% in the 1st quarter. Chicago Partners Investment Group LLC now owns 28,888 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 947 shares during the last quarter. Mutual Advisors LLC grew its position in shares of Kayne Anderson Energy Infrastructure Fund by 2.1% during the 4th quarter. Mutual Advisors LLC now owns 48,516 shares of the financial services provider’s stock worth $601,000 after buying an additional 1,011 shares during the period. Finally, Bridgewater Advisors Inc. grew its position in shares of Kayne Anderson Energy Infrastructure Fund by 0.6% during the 1st quarter. Bridgewater Advisors Inc. now owns 190,006 shares of the financial services provider’s stock worth $2,683,000 after buying an additional 1,073 shares during the period.

About Kayne Anderson Energy Infrastructure Fund

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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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Dividend History for Kayne Anderson Energy Infrastructure Fund (NYSE:KYN)

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