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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.08 per share by the financial services provider on Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a yield of 7.72%. The ex-dividend date is Friday, March 14th.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of KYN traded down $0.26 during midday trading on Tuesday, hitting $12.43. The stock had a trading volume of 733,463 shares, compared to its average volume of 443,936. The business has a 50-day simple moving average of $12.99 and a two-hundred day simple moving average of $12.24. Kayne Anderson Energy Infrastructure Fund has a fifty-two week low of $9.13 and a fifty-two week high of $13.69.

Insider Buying and Selling

In other Kayne Anderson Energy Infrastructure Fund news, EVP Harrison James Little purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average cost of $13.04 per share, with a total value of $65,200.00. Following the completion of the transaction, the executive vice president now owns 5,000 shares of the company’s stock, valued at approximately $65,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President James C. Baker acquired 20,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $12.60 per share, with a total value of $252,000.00. Following the completion of the transaction, the president now directly owns 700,939 shares in the company, valued at approximately $8,831,831.40. This trade represents a 2.94 % increase in their position. The disclosure for this purchase can be found here.

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.