Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) To Go Ex-Dividend on December 16th

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) declared a monthly dividend on Friday, October 11th, Wall Street Journal reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.08 per share by the financial services provider on Tuesday, December 31st. This represents a $0.96 annualized dividend and a yield of 8.21%. The ex-dividend date is Monday, December 16th.

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 Trading Up 0.3 %

Shares of NYSE:KYN opened at $11.69 on Friday. The firm’s 50-day moving average is $10.87 and its two-hundred day moving average is $10.33. Kayne Anderson Energy Infrastructure Fund has a 1 year low of $7.87 and a 1 year high of $11.90.

Insiders Place Their Bets

In related news, major shareholder Metlife Investment Management, acquired 280,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average price of $25.00 per share, with a total value of $7,000,000.00. Following the completion of the transaction, the insider now owns 280,000 shares of the company’s stock, valued at $7,000,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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.