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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) declared a monthly dividend on Monday, October 14th, Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.08 per share by the financial services provider on Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 8.18%. The ex-dividend date of this dividend is Wednesday, January 15th.

Kayne Anderson Energy Infrastructure Fund has raised its dividend payment by an average of 90.5% annually over the last three years.

Kayne Anderson Energy Infrastructure Fund Trading Down 1.3 %

NYSE:KYN opened at $11.73 on Wednesday. The firm’s fifty day moving average price is $10.95 and its 200 day moving average price is $10.36. Kayne Anderson Energy Infrastructure Fund has a 1-year low of $7.87 and a 1-year high of $11.90.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In related news, major shareholder Metlife Investment Management, bought 280,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $7,000,000.00. Following the transaction, the insider now owns 280,000 shares of the company’s stock, valued at approximately $7,000,000. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

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.