CBRE Global Real Estate Income Fund (NYSE:IGR) to Issue $0.06 Monthly Dividend

CBRE Global Real Estate Income Fund (NYSE:IGRGet Rating) declared a monthly dividend on Friday, April 8th, Zacks reports. Stockholders of record on Wednesday, April 20th will be paid a dividend of 0.06 per share by the closed-end fund on Friday, April 29th. This represents a $0.72 annualized dividend and a dividend yield of 8.07%. The ex-dividend date of this dividend is Tuesday, April 19th.

Shares of CBRE Global Real Estate Income Fund stock opened at $8.92 on Friday. The stock’s 50 day simple moving average is $8.54 and its 200-day simple moving average is $8.87. CBRE Global Real Estate Income Fund has a 1-year low of $7.66 and a 1-year high of $9.89.

In other CBRE Global Real Estate Income Fund news, Director Leslie E. Greis acquired 24,238 shares of the firm’s stock in a transaction that occurred on Tuesday, March 15th. The shares were purchased at an average cost of $8.20 per share, for a total transaction of $198,751.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph P. Smith acquired 3,649 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The stock was acquired at an average price of $8.23 per share, for a total transaction of $30,031.27. The disclosure for this purchase can be found here.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC raised its position in CBRE Global Real Estate Income Fund by 0.3% in the fourth quarter. Parametric Portfolio Associates LLC now owns 7,449,906 shares of the closed-end fund’s stock valued at $72,935,000 after purchasing an additional 18,639 shares during the period. Morgan Stanley raised its position in CBRE Global Real Estate Income Fund by 15.8% in the second quarter. Morgan Stanley now owns 3,249,843 shares of the closed-end fund’s stock valued at $28,631,000 after purchasing an additional 444,471 shares during the period. Wells Fargo & Company MN raised its position in CBRE Global Real Estate Income Fund by 3.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,571,278 shares of the closed-end fund’s stock valued at $25,172,000 after purchasing an additional 77,674 shares during the period. Flagship Harbor Advisors LLC raised its position in CBRE Global Real Estate Income Fund by 4.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 546,990 shares of the closed-end fund’s stock valued at $5,355,000 after purchasing an additional 25,637 shares during the period. Finally, LPL Financial LLC raised its position in CBRE Global Real Estate Income Fund by 7.8% in the fourth quarter. LPL Financial LLC now owns 269,859 shares of the closed-end fund’s stock valued at $2,642,000 after purchasing an additional 19,427 shares during the period.

About CBRE Global Real Estate Income Fund (Get Rating)

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.

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Dividend History for CBRE Global Real Estate Income Fund (NYSE:IGR)

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