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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) announced a monthly dividend on Monday, December 1st. Stockholders of record on Monday, December 15th will be given a dividend of 0.08 per share by the financial services provider on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Monday, December 15th.

Kayne Anderson Energy Infrastructure Fund Trading Down 0.7%

Shares of KYN stock traded down $0.09 on Monday, hitting $12.33. The company had a trading volume of 339,326 shares, compared to its average volume of 419,963. Kayne Anderson Energy Infrastructure Fund has a twelve month low of $9.82 and a twelve month high of $13.69. The stock’s 50-day moving average is $11.91 and its two-hundred day moving average is $12.18.

Insiders Place Their Bets

In other news, CFO Austin Colby Parker acquired 2,500 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was purchased at an average cost of $12.18 per share, for a total transaction of $30,450.00. Following the acquisition, the chief financial officer owned 9,167 shares of the company’s stock, valued at $111,654.06. This trade represents a 37.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President James C. Baker bought 25,000 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was purchased at an average price of $11.74 per share, for a total transaction of $293,500.00. Following the acquisition, the president directly owned 886,040 shares of the company’s stock, valued at approximately $10,402,109.60. The trade was a 2.90% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 62,500 shares of company stock valued at $741,600 in the last 90 days.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

A number of institutional investors have recently made changes to their positions in the stock. Motco acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at about $30,000. Bessemer Group Inc. acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 3rd quarter worth approximately $31,000. Parkside Financial Bank & Trust acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter valued at about $33,000. CWM LLC lifted its stake in Kayne Anderson Energy Infrastructure Fund by 39.3% during the 1st quarter. CWM LLC now owns 3,307 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 933 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 6,877 shares in the last quarter.

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.