Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) To Go Ex-Dividend on September 30th

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) announced a quarterly dividend on Thursday, September 19th, NASDAQ reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.24 per share by the financial services provider on Monday, October 7th. This represents a $0.96 dividend on an annualized basis and a yield of 8.57%. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous quarterly dividend of $0.22.

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

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of NYSE:KYN opened at $11.20 on Friday. The stock’s 50-day moving average price is $10.66 and its two-hundred day moving average price is $10.20. Kayne Anderson Energy Infrastructure Fund has a 12-month low of $7.87 and a 12-month high of $11.53.

Insiders Place Their Bets

In other Kayne Anderson Energy Infrastructure Fund news, major shareholder Metlife Investment Management, purchased 280,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were purchased at an average cost of $25.00 per share, with a total value of $7,000,000.00. Following the purchase, the insider now owns 280,000 shares in the company, valued at $7,000,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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.