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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) announced a quarterly dividend on Thursday, September 19th, NASDAQ reports. Stockholders of record on Monday, September 30th will be given 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 8.63%. The ex-dividend date 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 raised its dividend by an average of 90.5% annually over the last three years.

Kayne Anderson Energy Infrastructure Fund Stock Up 1.1 %

NYSE:KYN traded up $0.12 during midday trading on Friday, hitting $11.12. The company had a trading volume of 607,263 shares, compared to its average volume of 471,710. Kayne Anderson Energy Infrastructure Fund has a 52-week low of $7.87 and a 52-week high of $11.20. The stock’s fifty day moving average price is $10.57 and its 200-day moving average price is $10.12.

Insiders Place Their Bets

In other news, major shareholder Metlife Investment Management, bought 280,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was acquired at an average price of $25.00 per share, with a total value of $7,000,000.00. Following the completion of the purchase, the insider now directly owns 280,000 shares in the company, valued at $7,000,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.