Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Plans $0.08 Monthly Dividend

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) announced a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.08 per share by the financial services provider on Wednesday, April 30th. This represents a $0.96 annualized dividend and a yield of 7.39%. The ex-dividend date is Tuesday, April 15th.

Kayne Anderson Energy Infrastructure Fund Stock Up 0.2 %

KYN stock traded up $0.02 during mid-day trading on Wednesday, reaching $12.99. The company had a trading volume of 337,329 shares, compared to its average volume of 436,891. Kayne Anderson Energy Infrastructure Fund has a 52 week low of $9.29 and a 52 week high of $13.69. The stock has a 50 day simple moving average of $12.87 and a two-hundred day simple moving average of $12.52.

Insiders Place Their Bets

In other Kayne Anderson Energy Infrastructure Fund news, EVP Harrison James Little bought 5,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Friday, January 17th. The stock was bought at an average cost of $13.04 per share, for a total transaction of $65,200.00. Following the purchase, the executive vice president now owns 5,000 shares of the company’s stock, valued at $65,200. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President James C. Baker purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $12.60 per share, for a total transaction of $252,000.00. Following the purchase, the president now owns 700,939 shares in the company, valued at $8,831,831.40. This trade represents a 2.94 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 45,000 shares of company stock valued at $562,600.

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.