CBRE Global Real Estate Income Fund (NYSE:IGR) Plans Monthly Dividend of $0.06

CBRE Global Real Estate Income Fund (NYSE:IGR) declared a monthly dividend on Monday, April 8th, investing.com reports. Shareholders 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 annualized dividend and a yield of 14.86%. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.05.

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

CBRE Global Real Estate Income Fund Stock Performance

NYSE:IGR traded up $0.06 during mid-day trading on Wednesday, hitting $4.85. 978,477 shares of the company’s stock traded hands, compared to its average volume of 687,217. The firm’s 50 day simple moving average is $5.14 and its 200 day simple moving average is $4.93. CBRE Global Real Estate Income Fund has a 1 year low of $3.88 and a 1 year high of $5.62.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Several hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers purchased a new stake in shares of CBRE Global Real Estate Income Fund during the first quarter worth about $127,000. Nomura Holdings Inc. purchased a new stake in shares of CBRE Global Real Estate Income Fund during the fourth quarter worth about $122,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of CBRE Global Real Estate Income Fund by 47.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 21,086 shares of the closed-end fund’s stock worth $114,000 after buying an additional 6,799 shares in the last quarter. DF Dent & Co. Inc. boosted its position in shares of CBRE Global Real Estate Income Fund by 52.3% in the first quarter. DF Dent & Co. Inc. now owns 17,380 shares of the closed-end fund’s stock worth $92,000 after acquiring an additional 5,965 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of CBRE Global Real Estate Income Fund in the first quarter worth approximately $86,000.

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.