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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) announced a monthly dividend on Wednesday, July 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, July 15th will be paid a dividend of 0.08 per share by the financial services provider on Thursday, July 31st. This represents a $0.96 annualized dividend and a dividend yield of 7.58%. The ex-dividend date is Tuesday, July 15th.

Kayne Anderson Energy Infrastructure Fund Trading Up 0.6%

NYSE:KYN opened at $12.66 on Thursday. Kayne Anderson Energy Infrastructure Fund has a one year low of $9.72 and a one year high of $13.69. The company has a fifty day moving average price of $12.24 and a 200 day moving average price of $12.44.

Insider Activity

In related news, President James C. Baker bought 25,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Friday, June 27th. The stock was acquired at an average price of $12.59 per share, for a total transaction of $314,750.00. Following the completion of the purchase, the president owned 786,040 shares in the company, valued at approximately $9,896,243.60. This represents a 3.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have bought 79,350 shares of company stock worth $932,397.

Kayne Anderson Energy Infrastructure Fund Company Profile

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.