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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) declared a monthly dividend on Thursday, October 10th,NASDAQ Dividends reports. Stockholders 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 dividend yield of 7.49%. The ex-dividend date is Friday, November 15th.

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

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of NYSE KYN opened at $12.81 on Thursday. The stock has a fifty day simple moving average of $11.55 and a two-hundred day simple moving average of $10.69. Kayne Anderson Energy Infrastructure Fund has a 1-year low of $8.18 and a 1-year high of $13.05.

Insiders Place Their Bets

In other Kayne Anderson Energy Infrastructure Fund news, major shareholder Metlife Investment Management, acquired 280,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average price of $25.00 per share, for a total transaction of $7,000,000.00. Following the completion of the transaction, the insider now owns 280,000 shares of the company’s stock, valued at approximately $7,000,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

About Kayne Anderson Energy Infrastructure Fund

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.