Kayne Anderson Energy Infrastructure Fund, Inc. Declares Monthly Dividend of $0.09 (NYSE:KYN)

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) announced a monthly dividend on Monday, March 2nd. Stockholders of record on Friday, March 13th will be given a dividend of 0.085 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Friday, March 13th.

Kayne Anderson Energy Infrastructure Fund Stock Performance

KYN stock traded up $0.09 during trading on Monday, reaching $14.36. The stock had a trading volume of 455,071 shares, compared to its average volume of 478,019. The firm has a fifty day moving average price of $12.89 and a 200 day moving average price of $12.35. Kayne Anderson Energy Infrastructure Fund has a 1-year low of $9.82 and a 1-year high of $14.49.

Insider Buying and Selling

In other news, Director Holli C. Ladhani acquired 3,600 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Monday, February 23rd. The shares were purchased at an average cost of $13.89 per share, for a total transaction of $50,004.00. Following the completion of the purchase, the director directly owned 3,600 shares of the company’s stock, valued at $50,004. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

Several institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 3rd quarter worth $31,000. Parkside Financial Bank & Trust acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at $33,000. Allworth Financial LP increased its stake in Kayne Anderson Energy Infrastructure Fund by 5,166.7% in the 4th quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 3,100 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth about $61,000. Finally, JPMorgan Chase & Co. raised its holdings in Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after buying an additional 6,877 shares during the period.

About Kayne Anderson Energy Infrastructure Fund

The Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end management investment company that focuses on energy infrastructure assets. The fund’s portfolio is primarily composed of equity securities of publicly traded partnerships—including master limited partnerships (MLPs)—and other energy-related companies. Key sectors in its midstream-oriented strategy include the transportation, storage, processing and distribution of natural gas, crude oil and refined products.

Since commencing operations in 2014, Kayne Anderson Energy Infrastructure Fund has pursued a dual objective of current income generation and long-term capital appreciation.