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

CBRE Global Real Estate Income Fund (NYSE:IGR) announced a monthly dividend on Monday, April 8th, NASDAQ 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 15.06%. The ex-dividend date is Thursday, April 18th.

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 Down 1.0 %

Shares of NYSE:IGR opened at $4.78 on Wednesday. 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 fifty day simple moving average of $5.14 and a 200-day simple moving average of $4.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IGR. Morgan Stanley lifted its stake in shares of CBRE Global Real Estate Income Fund by 3.6% during the third quarter. Morgan Stanley now owns 10,404,004 shares of the closed-end fund’s stock worth $46,818,000 after purchasing an additional 361,108 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in shares of CBRE Global Real Estate Income Fund in the first quarter worth about $1,254,000. Captrust Financial Advisors acquired a new position in shares of CBRE Global Real Estate Income Fund in the second quarter worth about $1,369,000. UBS Group AG lifted its stake in shares of CBRE Global Real Estate Income Fund by 4.2% in the first quarter. UBS Group AG now owns 3,776,079 shares of the closed-end fund’s stock worth $34,136,000 after acquiring an additional 153,681 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of CBRE Global Real Estate Income Fund by 8.2% in the first quarter. Advisors Asset Management Inc. now owns 1,629,768 shares of the closed-end fund’s stock worth $14,733,000 after acquiring an additional 123,477 shares in the last quarter.

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.