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. Investors of record on Friday, November 15th will be paid 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 7.48%. The ex-dividend date of this dividend is Friday, November 15th.

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

Kayne Anderson Energy Infrastructure Fund Price Performance

KYN stock remained flat at $12.83 during trading on Wednesday. 171,509 shares of the company’s stock traded hands, compared to its average volume of 464,190. The firm’s 50 day moving average price is $11.50 and its two-hundred day moving average price is $10.67. Kayne Anderson Energy Infrastructure Fund has a 12-month low of $8.18 and a 12-month high of $13.05.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In related news, major shareholder Metlife Investment Management, bought 280,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $7,000,000.00. Following the completion of the purchase, the insider now directly owns 280,000 shares in the company, valued at approximately $7,000,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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.