CBRE Global Real Estate Income Fund (NYSE:IGR) Declares 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 paid 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 is Thursday, April 18th. This is an increase from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.05.

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

CBRE Global Real Estate Income Fund Trading Up 1.4 %

Shares of CBRE Global Real Estate Income Fund stock traded up $0.06 on Wednesday, reaching $4.85. The stock had a trading volume of 978,477 shares, compared to its average volume of 687,217. CBRE Global Real Estate Income Fund has a 1 year low of $3.88 and a 1 year high of $5.62. The business’s 50 day moving average is $5.14 and its two-hundred day moving average is $4.93.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new position in CBRE Global Real Estate Income Fund during the second quarter valued at approximately $56,000. Lido Advisors LLC bought a new position in CBRE Global Real Estate Income Fund during the first quarter valued at approximately $63,000. Fiduciary Group LLC grew its holdings in shares of CBRE Global Real Estate Income Fund by 20.0% in the first quarter. Fiduciary Group LLC now owns 12,180 shares of the closed-end fund’s stock worth $65,000 after purchasing an additional 2,030 shares during the last quarter. LM Advisors LLC bought a new position in shares of CBRE Global Real Estate Income Fund in the fourth quarter worth approximately $67,000. Finally, XTX Topco Ltd bought a new position in shares of CBRE Global Real Estate Income Fund in the second quarter worth approximately $76,000.

CBRE Global Real Estate Income Fund Company Profile

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.