Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Plans Monthly Dividend of $0.09

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) declared a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be paid a dividend of 0.085 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, May 15th.

Kayne Anderson Energy Infrastructure Fund Stock Performance

KYN traded down $0.16 during trading on Friday, reaching $14.09. The stock had a trading volume of 407,541 shares, compared to its average volume of 460,022. Kayne Anderson Energy Infrastructure Fund has a 1-year low of $11.31 and a 1-year high of $14.69. The stock has a 50 day moving average of $13.91 and a two-hundred day moving average of $12.84.

Insider Buying and Selling

In other news, President James C. Baker bought 25,000 shares of the business’s stock in a transaction on Monday, April 27th. The shares were bought at an average cost of $13.57 per share, with a total value of $339,250.00. Following the purchase, the president directly owned 1,003,019 shares in the company, valued at $13,610,967.83. This trade represents a 2.56% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Holli C. Ladhani bought 3,600 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were purchased at an average cost of $13.89 per share, for a total transaction of $50,004.00. Following the completion of the purchase, the director owned 3,600 shares in the company, valued at approximately $50,004. This trade represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 91,100 shares of company stock worth $1,253,104 over the last quarter.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of hedge funds have recently modified their holdings of the stock. Brown Advisory Inc. acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the fourth quarter valued at about $33,366,000. City of London Investment Management Co. Ltd. grew its position in shares of Kayne Anderson Energy Infrastructure Fund by 402.0% in the third quarter. City of London Investment Management Co. Ltd. now owns 1,722,769 shares of the financial services provider’s stock valued at $21,311,000 after purchasing an additional 1,379,614 shares during the last quarter. Bard Associates Inc. grew its position in shares of Kayne Anderson Energy Infrastructure Fund by 462.7% in the third quarter. Bard Associates Inc. now owns 393,005 shares of the financial services provider’s stock valued at $4,861,000 after purchasing an additional 323,161 shares during the last quarter. Zimmer Partners LP grew its position in shares of Kayne Anderson Energy Infrastructure Fund by 121.9% in the fourth quarter. Zimmer Partners LP now owns 554,700 shares of the financial services provider’s stock valued at $6,867,000 after purchasing an additional 304,700 shares during the last quarter. Finally, Rivernorth Capital Management LLC grew its position in shares of Kayne Anderson Energy Infrastructure Fund by 78.0% in the fourth quarter. Rivernorth Capital Management LLC now owns 689,800 shares of the financial services provider’s stock valued at $8,540,000 after purchasing an additional 302,256 shares during the last quarter.

About Kayne Anderson Energy Infrastructure Fund

The Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end management investment company that focuses on energy infrastructure assets. The fund’s portfolio is primarily composed of equity securities of publicly traded partnerships—including master limited partnerships (MLPs)—and other energy-related companies. Key sectors in its midstream-oriented strategy include the transportation, storage, processing and distribution of natural gas, crude oil and refined products.

Since commencing operations in 2014, Kayne Anderson Energy Infrastructure Fund has pursued a dual objective of current income generation and long-term capital appreciation.