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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) declared a monthly dividend on Thursday, October 10th,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.08 per share by the financial services provider on Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 7.47%. The ex-dividend date of this dividend is Friday, November 15th.

Kayne Anderson Energy Infrastructure Fund has increased its dividend by an average of 90.5% annually over the last three years.

Kayne Anderson Energy Infrastructure Fund Stock Up 0.2 %

NYSE KYN traded up $0.02 during midday trading on Wednesday, hitting $12.85. 106,921 shares of the company traded hands, compared to its average volume of 463,859. The company’s 50-day simple moving average is $11.50 and its 200-day simple moving average is $10.67. Kayne Anderson Energy Infrastructure Fund has a 52 week low of $8.18 and a 52 week high of $13.05.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In related news, major shareholder Metlife Investment Management, bought 280,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were acquired at an average price of $25.00 per share, with a total value of $7,000,000.00. Following the transaction, the insider now owns 280,000 shares of the company’s stock, valued at $7,000,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Company Profile

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.