Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Plans Monthly Dividend of $0.08

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) declared a monthly dividend on Thursday, October 10th,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.08 per share by the financial services provider on Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 7.48%. The ex-dividend date of this dividend is Friday, November 15th.

Kayne Anderson Energy Infrastructure Fund has increased its dividend payment by an average of 90.5% annually over the last three years.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of KYN stock remained flat at $12.83 during trading on Wednesday. 86,993 shares of the stock traded hands, compared to its average volume of 463,816. Kayne Anderson Energy Infrastructure Fund has a 1 year low of $8.18 and a 1 year high of $13.05. The firm’s 50-day moving average price is $11.50 and its two-hundred day moving average price is $10.67.

Insiders Place Their Bets

In other Kayne Anderson Energy Infrastructure Fund news, major shareholder Metlife Investment Management, purchased 280,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $7,000,000.00. Following the acquisition, the insider now owns 280,000 shares in the company, valued at $7,000,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

About Kayne Anderson Energy Infrastructure Fund

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.