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, investing.com reports. Stockholders of record on Friday, April 19th will be given 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 14.86%. The ex-dividend date is Thursday, April 18th. This is a positive change from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.05.

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

CBRE Global Real Estate Income Fund Trading Up 1.4 %

Shares of NYSE:IGR traded up $0.06 during midday trading on Wednesday, hitting $4.85. 978,477 shares of the stock were exchanged, compared to its average volume of 687,217. CBRE Global Real Estate Income Fund has a twelve month low of $3.88 and a twelve month high of $5.62. The company has a 50 day moving average price of $5.14 and a 200-day moving average price of $4.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers acquired a new position in shares of CBRE Global Real Estate Income Fund during the 1st quarter worth $127,000. Nomura Holdings Inc. acquired a new position in shares of CBRE Global Real Estate Income Fund during the 4th quarter worth $122,000. Mercer Global Advisors Inc. ADV raised its stake in shares of CBRE Global Real Estate Income Fund by 47.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 21,086 shares of the closed-end fund’s stock worth $114,000 after buying an additional 6,799 shares during the last quarter. DF Dent & Co. Inc. increased its position in CBRE Global Real Estate Income Fund by 52.3% during the 1st quarter. DF Dent & Co. Inc. now owns 17,380 shares of the closed-end fund’s stock worth $92,000 after purchasing an additional 5,965 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in CBRE Global Real Estate Income Fund during the 1st quarter worth about $86,000.

About CBRE Global Real Estate Income Fund

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.