Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Get Free Report) major shareholder Metlife Investment Management, purchased 280,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average cost of $25.00 per share, with a total value of $7,000,000.00. Following the completion of the purchase, the insider now directly owns 280,000 shares in the company, valued at $7,000,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Kayne Anderson Energy Infrastructure Fund Stock Up 1.1 %
KYN opened at $11.12 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a fifty-two week low of $7.87 and a fifty-two week high of $11.20. The business has a 50-day moving average of $10.58 and a 200-day moving average of $10.14.
Kayne Anderson Energy Infrastructure Fund Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, September 30th. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.63%.
Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund
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.
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