Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) to Issue Quarterly Dividend of $0.24

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) announced a quarterly dividend on Thursday, September 19th, NASDAQ reports. Shareholders 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 dividend on an annualized basis and a yield of 8.57%. The ex-dividend date is Monday, September 30th. This is an increase 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% annually over the last three years.

Kayne Anderson Energy Infrastructure Fund Stock Performance

NYSE KYN opened at $11.20 on Friday. Kayne Anderson Energy Infrastructure Fund has a 52 week low of $7.87 and a 52 week high of $11.53. The business has a 50 day moving average price of $10.66 and a 200-day moving average price of $10.20.

Insiders Place Their Bets

In other Kayne Anderson Energy Infrastructure Fund news, major shareholder Metlife Investment Management, acquired 280,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $7,000,000.00. Following the completion of 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 legal filing with the SEC, which is accessible through this hyperlink.

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.