Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) to Issue $0.17 Monthly Dividend

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) declared a monthly dividend on Monday, June 22nd. Investors of record on Tuesday, August 11th will be paid a dividend of 0.165 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Tuesday, August 11th.

Cohen & Steers Infrastructure Fund Stock Performance

Shares of UTF stock opened at $27.04 on Tuesday. Cohen & Steers Infrastructure Fund has a 12-month low of $23.42 and a 12-month high of $27.65. The firm’s 50 day moving average is $26.85 and its 200 day moving average is $25.88.

Hedge Funds Weigh In On Cohen & Steers Infrastructure Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Griffin Asset Management Inc. grew its stake in shares of Cohen & Steers Infrastructure Fund by 110.6% during the 4th quarter. Griffin Asset Management Inc. now owns 38,541 shares of the investment management company’s stock valued at $929,000 after purchasing an additional 20,240 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Cohen & Steers Infrastructure Fund by 7,852.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,545,874 shares of the investment management company’s stock worth $37,271,000 after purchasing an additional 1,526,434 shares during the period. IFG Advisory LLC purchased a new position in shares of Cohen & Steers Infrastructure Fund in the fourth quarter worth approximately $523,000. Sit Investment Associates Inc. boosted its holdings in shares of Cohen & Steers Infrastructure Fund by 298.5% in the fourth quarter. Sit Investment Associates Inc. now owns 2,644,374 shares of the investment management company’s stock worth $63,756,000 after buying an additional 1,980,749 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. purchased a new position in shares of Cohen & Steers Infrastructure Fund in the third quarter worth approximately $1,371,000.

Cohen & Steers Infrastructure Fund Company Profile

Cohen & Steers Infrastructure Fund, Inc (NYSE: UTF) is a closed-end management investment company that provides investors with exposure to global infrastructure assets. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation. Since its inception in 2014, UTF has offered a vehicle for investors to access both equity and debt securities of companies operating in critical infrastructure sectors.

The fund’s portfolio is diversified across a range of infrastructure industries, including utilities, energy, transportation, and communications.