CBRE Global Real Estate Income Fund (NYSE:IGR) Announces Dividend Increase – $0.06 Per Share

CBRE Global Real Estate Income Fund (NYSE:IGR) announced a monthly dividend on Monday, April 8th, investing.com reports. Stockholders of record on Friday, April 19th will be given a dividend of 0.06 per share by the closed-end fund on Tuesday, April 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 14.86%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.05.

CBRE Global Real Estate Income Fund has raised its dividend payment by an average of 6.3% annually over the last three years.

CBRE Global Real Estate Income Fund Price Performance

IGR stock traded up $0.06 during trading on Wednesday, reaching $4.85. The company had a trading volume of 978,477 shares, compared to its average volume of 687,217. CBRE Global Real Estate Income Fund has a 52 week low of $3.88 and a 52 week high of $5.62. The business has a 50 day moving average of $5.14 and a 200 day moving average of $4.93.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

A number of institutional investors have recently made changes to their positions in IGR. Mercer Global Advisors Inc. ADV raised its position in shares of CBRE Global Real Estate Income Fund by 47.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 21,086 shares of the closed-end fund’s stock valued at $114,000 after purchasing an additional 6,799 shares during the period. Baird Financial Group Inc. boosted its stake in shares of CBRE Global Real Estate Income Fund by 11.9% during the 4th quarter. Baird Financial Group Inc. now owns 180,145 shares of the closed-end fund’s stock worth $978,000 after purchasing an additional 19,211 shares during the period. Royal Bank of Canada boosted its stake in shares of CBRE Global Real Estate Income Fund by 6.7% during the 4th quarter. Royal Bank of Canada now owns 288,352 shares of the closed-end fund’s stock worth $1,566,000 after purchasing an additional 18,147 shares during the period. Pathstone Holdings LLC purchased a new stake in CBRE Global Real Estate Income Fund in the 4th quarter valued at about $629,000. Finally, LM Advisors LLC purchased a new stake in CBRE Global Real Estate Income Fund in the 4th quarter valued at about $67,000.

About CBRE Global Real Estate Income Fund

CBRE Clarion Global Real Estate Income Fund specializes in investments in various property types, including office, retail, diversified, apartments, industrials, hotels, healthcare, and storage. It invests in the public equity markets across the developed markets of North America, Europe, Australia, and Asia.