Cohen & Steers Infrastructure Fund, Inc Plans Monthly Dividend of $0.16 (NYSE:UTF)

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) announced a monthly dividend on Friday, March 28th, Wall Street Journal reports. Shareholders of record on Tuesday, April 8th will be given a dividend of 0.155 per share by the investment management company on Wednesday, April 30th. This represents a $1.86 annualized dividend and a yield of 7.35%. The ex-dividend date of this dividend is Tuesday, April 8th.

Cohen & Steers Infrastructure Fund has increased its dividend payment by an average of 14.7% per year over the last three years.

Cohen & Steers Infrastructure Fund Stock Up 1.2 %

Shares of UTF traded up $0.30 during mid-day trading on Friday, reaching $25.30. 287,550 shares of the stock traded hands, compared to its average volume of 192,195. Cohen & Steers Infrastructure Fund has a 1 year low of $21.26 and a 1 year high of $26.31. The firm has a fifty day moving average price of $24.51 and a 200 day moving average price of $24.88.

About Cohen & Steers Infrastructure Fund

Cohen & Steers Infrastructure Fund, Inc is a closed-end equity fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in public equity markets of the United States. The fund invests primarily in value stocks of infrastructure companies across all market capitalizations.