Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Plans $0.09 Monthly Dividend

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.09 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Kayne Anderson Energy Infrastructure Fund Stock Performance

KYN stock traded up $0.11 during trading hours on Tuesday, reaching $15.07. The stock had a trading volume of 468,916 shares, compared to its average volume of 412,219. The stock has a 50-day simple moving average of $14.41 and a 200 day simple moving average of $14.08. Kayne Anderson Energy Infrastructure Fund has a fifty-two week low of $11.31 and a fifty-two week high of $15.17.

Insider Transactions at Kayne Anderson Energy Infrastructure Fund

In other news, Director Michael J. Hennigan bought 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was acquired at an average cost of $13.57 per share, for a total transaction of $203,550.00. Following the purchase, the director owned 20,000 shares of the company’s stock, valued at approximately $271,400. This trade represents a 300.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Carita Walker purchased 3,400 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price of $14.70 per share, with a total value of $49,980.00. Following the acquisition, the director directly owned 3,400 shares of the company’s stock, valued at $49,980. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 23,400 shares of company stock worth $321,530.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP increased its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 5,166.7% during the 4th quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 3,100 shares during the last quarter. International Assets Investment Management LLC bought a new position in Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth $61,000. JPMorgan Chase & Co. boosted its position in Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 6,877 shares during the period. BlackRock Inc. acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the second quarter valued at $98,000. Finally, Brown Advisory Inc. acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the second quarter valued at $105,000.

About Kayne Anderson Energy Infrastructure Fund

The Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end management investment company that focuses on energy infrastructure assets. The fund’s portfolio is primarily composed of equity securities of publicly traded partnerships—including master limited partnerships (MLPs)—and other energy-related companies. Key sectors in its midstream-oriented strategy include the transportation, storage, processing and distribution of natural gas, crude oil and refined products.

Since commencing operations in 2014, Kayne Anderson Energy Infrastructure Fund has pursued a dual objective of current income generation and long-term capital appreciation.