Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Raises Dividend to $0.24 Per Share

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) announced a quarterly dividend on Thursday, September 19th, NASDAQ reports. Investors of record on Monday, September 30th will be paid a dividend of 0.24 per share by the financial services provider on Monday, October 7th. This represents a $0.96 annualized dividend and a dividend yield of 8.57%. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous quarterly dividend of $0.22.

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

Kayne Anderson Energy Infrastructure Fund Trading Down 0.6 %

Shares of NYSE:KYN opened at $11.20 on Friday. Kayne Anderson Energy Infrastructure Fund has a one year low of $7.87 and a one year high of $11.53. The business’s 50-day simple moving average is $10.66 and its 200 day simple moving average is $10.20.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In other Kayne Anderson Energy Infrastructure Fund news, major shareholder Metlife Investment Management, acquired 280,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $7,000,000.00. Following the acquisition, the insider now directly owns 280,000 shares of the company’s stock, valued at $7,000,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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.