CBRE Global Real Estate Income Fund (NYSE:IGR) Plans Monthly Dividend of $0.06

Posted by Nicole Kennedy on Apr 18th, 2024

CBRE Global Real Estate Income Fund (NYSE:IGR – Get Free Report) 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 of this dividend 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 increased its dividend payment by an average of 6.3% per year over the last three years.

CBRE Global Real Estate Income Fund Stock Performance

Shares of NYSE IGR traded up $0.06 during trading hours on Wednesday, hitting $4.85. 978,477 shares of the company traded hands, compared to its average volume of 687,217. The company’s 50 day moving average price is $5.14 and its 200 day moving average price is $4.93. CBRE Global Real Estate Income Fund has a 12 month low of $3.88 and a 12 month high of $5.62.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Large investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in CBRE Global Real Estate Income Fund in the 2nd quarter valued at $76,000. Kestra Advisory Services LLC bought a new position in CBRE Global Real Estate Income Fund in the 2nd quarter valued at $56,000. Lido Advisors LLC purchased a new stake in shares of CBRE Global Real Estate Income Fund in the 1st quarter worth $63,000. Fiduciary Group LLC lifted its holdings in shares of CBRE Global Real Estate Income Fund by 20.0% in the 1st quarter. Fiduciary Group LLC now owns 12,180 shares of the closed-end fund’s stock worth $65,000 after buying an additional 2,030 shares during the period. Finally, LM Advisors LLC purchased a new stake in shares of CBRE Global Real Estate Income Fund in the 4th quarter worth $67,000.

CBRE Global Real Estate Income Fund Company Profile

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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.