Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) to Issue Monthly Dividend of $0.08 on March 31st

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.08 per share by the financial services provider on Monday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 7.72%. The ex-dividend date of this dividend is Friday, March 14th.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of KYN stock opened at $12.43 on Wednesday. Kayne Anderson Energy Infrastructure Fund has a 52 week low of $9.13 and a 52 week high of $13.69. The company’s 50 day moving average price is $12.99 and its two-hundred day moving average price is $12.24.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In other news, President James C. Baker bought 20,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were purchased 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 of the company’s stock, valued at approximately $8,831,831.40. The trade was a 2.94 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Harrison James Little purchased 5,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $13.04 per share, with a total value of $65,200.00. Following the completion of the purchase, the executive vice president now directly owns 5,000 shares in the company, valued at approximately $65,200. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here.

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.