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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) announced a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.08 per share by the financial services provider on Wednesday, April 30th. This represents a $0.96 annualized dividend and a dividend yield of 7.39%. The ex-dividend date of this dividend is Tuesday, April 15th.

Kayne Anderson Energy Infrastructure Fund Price Performance

NYSE KYN opened at $12.99 on Thursday. The stock’s fifty day moving average price is $12.86 and its 200 day moving average price is $12.52. Kayne Anderson Energy Infrastructure Fund has a 1 year low of $9.29 and a 1 year high of $13.69.

Insider Activity

In other Kayne Anderson Energy Infrastructure Fund news, President James C. Baker bought 20,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $12.27 per share, with a total value of $245,400.00. Following the completion of the acquisition, the president now directly owns 720,939 shares in the company, valued at approximately $8,845,921.53. This trade represents a 2.85 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Harrison James Little purchased 5,000 shares of the stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of $13.04 per share, for a total transaction of $65,200.00. Following the completion of the acquisition, the executive vice president now owns 5,000 shares of the company’s stock, valued at $65,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 45,000 shares of company stock valued at $562,600.

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.