Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) to Issue Quarterly Dividend of $0.22

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYNGet Free Report) declared a quarterly dividend on Tuesday, March 26th, NASDAQ reports. Shareholders of record on Friday, April 5th will be paid a dividend of 0.22 per share by the financial services provider on Friday, April 12th. This represents a $0.88 annualized dividend and a yield of 8.81%. The ex-dividend date is Thursday, April 4th.

Kayne Anderson Energy Infrastructure Fund has raised its dividend payment by an average of 2.1% annually over the last three years and has increased its dividend every year for the last 4 years.

Kayne Anderson Energy Infrastructure Fund Trading Up 0.3 %

KYN stock opened at $9.99 on Wednesday. The company’s 50 day simple moving average is $9.21 and its 200-day simple moving average is $8.72. Kayne Anderson Energy Infrastructure Fund has a 12 month low of $7.84 and a 12 month high of $10.10.

Insiders Place Their Bets

In other Kayne Anderson Energy Infrastructure Fund news, President James C. Baker bought 50,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were acquired at an average price of $8.84 per share, with a total value of $442,000.00. Following the purchase, the president now owns 681,039 shares in the company, valued at approximately $6,020,384.76. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in Kayne Anderson Energy Infrastructure Fund by 39.7% during the 4th quarter. Royal Bank of Canada now owns 2,223,634 shares of the financial services provider’s stock valued at $19,522,000 after purchasing an additional 632,382 shares in the last quarter. Bank of America Corp DE grew its holdings in Kayne Anderson Energy Infrastructure Fund by 12.9% during the 1st quarter. Bank of America Corp DE now owns 3,044,706 shares of the financial services provider’s stock valued at $26,306,000 after purchasing an additional 348,488 shares in the last quarter. Pathstone Holdings LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the 4th quarter valued at $2,943,000. Quantedge Capital Pte Ltd grew its holdings in Kayne Anderson Energy Infrastructure Fund by 21.3% during the 1st quarter. Quantedge Capital Pte Ltd now owns 1,019,387 shares of the financial services provider’s stock valued at $9,399,000 after purchasing an additional 179,091 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Kayne Anderson Energy Infrastructure Fund by 3.2% during the 3rd quarter. Morgan Stanley now owns 5,674,705 shares of the financial services provider’s stock valued at $47,724,000 after purchasing an additional 177,553 shares in the last quarter.

About Kayne Anderson Energy Infrastructure Fund

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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.

See Also

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

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