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

by · The Markets Daily

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF – Get Free Report) announced a monthly dividend on Tuesday, September 22nd. Investors of record on Tuesday, November 10th will be given a dividend of 0.165 per share by the investment management company on Monday, November 30th. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Tuesday, November 10th.

Cohen & Steers Infrastructure Fund Stock Down 0.6%

NYSE UTF traded down $0.15 during trading on Wednesday, hitting $24.65. 64,846 shares of the company’s stock were exchanged, compared to its average volume of 315,941. Cohen & Steers Infrastructure Fund has a fifty-two week low of $23.42 and a fifty-two week high of $28.11. The stock’s 50 day moving average price is $26.89 and its two-hundred day moving average price is $26.76.

Hedge Funds Weigh In On Cohen & Steers Infrastructure Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Paralel Advisors LLC bought a new stake in Cohen & Steers Infrastructure Fund during the 2nd quarter worth $75,872,000. Sit Investment Associates Inc. raised its position in 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 valued at $63,756,000 after purchasing an additional 1,980,749 shares during the last quarter. Sculptor Capital LP acquired a new stake in shares of Cohen & Steers Infrastructure Fund during the first quarter valued at about $4,841,000. Matrix Private Capital Group LLC bought a new stake in shares of Cohen & Steers Infrastructure Fund during the first quarter worth about $3,115,000. Finally, Independent Financial Group LLC acquired a new position in shares of Cohen & Steers Infrastructure Fund in the first quarter valued at approximately $2,844,000.

About Cohen & Steers Infrastructure Fund

(Get Free Report)

Cohen & Steers Infrastructure Fund, Inc (NYSE: UTF) is a closed-end investment company managed by Cohen & Steers Capital Management, a specialist investment manager focused on real assets. The fund seeks to provide a high level of total return through current income and capital appreciation by investing primarily in infrastructure-related securities.

The fund invests across infrastructure industries, including utilities, energy infrastructure, transportation, and communications.

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