CBRE Global Real Estate Income Fund (IGR) to Issue Monthly Dividend of $0.06 on April 30th

CBRE Global Real Estate Income Fund (NYSE:IGR) declared a monthly dividend on Monday, April 8th, NASDAQ reports. Investors of record on Friday, April 19th will be paid a dividend of 0.06 per share by the closed-end fund on Tuesday, April 30th. This represents a $0.72 annualized dividend and a dividend yield of 13.62%. The ex-dividend date of this dividend is Thursday, April 18th.

CBRE Global Real Estate Income Fund has raised its dividend by an average of 6.3% annually over the last three years.

CBRE Global Real Estate Income Fund Stock Up 1.6 %

Shares of NYSE IGR opened at $5.29 on Wednesday. CBRE Global Real Estate Income Fund has a 52 week low of $3.88 and a 52 week high of $5.70. The firm’s fifty day moving average is $5.17 and its 200 day moving average is $4.91.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IGR. Kestra Advisory Services LLC purchased a new position in shares of CBRE Global Real Estate Income Fund in the second quarter worth $56,000. Lido Advisors LLC purchased a new position in CBRE Global Real Estate Income Fund during the 1st quarter valued at $63,000. Fiduciary Group LLC increased its position in CBRE Global Real Estate Income Fund by 20.0% during the 1st quarter. Fiduciary Group LLC now owns 12,180 shares of the closed-end fund’s stock valued at $65,000 after purchasing an additional 2,030 shares during the period. LM Advisors LLC purchased a new position in CBRE Global Real Estate Income Fund during the 4th quarter valued at $67,000. Finally, XTX Topco Ltd purchased a new position in CBRE Global Real Estate Income Fund during the 2nd quarter valued at $76,000.

CBRE Global Real Estate Income Fund Company Profile

CBRE Clarion Global Real Estate Income Fund specializes in investments in various property types, including office, retail, diversified, apartments, industrials, hotels, healthcare, and storage. It invests in the public equity markets across the developed markets of North America, Europe, Australia, and Asia.