Cohen & Steers Infrastructure Fund, Inc (UTF) to Issue Monthly Dividend of $0.16 on May 31st

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF – Get Rating) announced a monthly dividend on Thursday, March 31st, Wall Street Journal reports. Investors of record on Wednesday, May 11th will be paid a dividend of 0.155 per share by the investment management company on Tuesday, May 31st. This represents a $1.86 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date is Tuesday, May 10th.

Shares of UTF opened at $26.77 on Friday. The stock has a 50 day moving average price of $27.88 and a two-hundred day moving average price of $27.67. Cohen & Steers Infrastructure Fund has a 52 week low of $24.25 and a 52 week high of $29.85.

A number of institutional investors and hedge funds have recently modified their holdings of UTF. Morgan Stanley increased its holdings in Cohen & Steers Infrastructure Fund by 11.6% during the 2nd quarter. Morgan Stanley now owns 1,745,611 shares of the investment management company’s stock worth $50,082,000 after purchasing an additional 180,998 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Cohen & Steers Infrastructure Fund by 1.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,100,010 shares of the investment management company’s stock worth $31,350,000 after purchasing an additional 18,966 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Cohen & Steers Infrastructure Fund during the 4th quarter worth approximately $433,000. Millennium Management LLC bought a new stake in Cohen & Steers Infrastructure Fund during the 4th quarter worth approximately $202,000. Finally, Cetera Investment Advisers increased its holdings in Cohen & Steers Infrastructure Fund by 14.2% during the 4th quarter. Cetera Investment Advisers now owns 18,513 shares of the investment management company’s stock worth $528,000 after purchasing an additional 2,296 shares in the last quarter.

About Cohen & Steers Infrastructure Fund (Get Rating)

Cohen & Steers Infrastructure Fund, Inc is a closed-end equity fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in public equity markets of the United States. The fund invests primarily in value stocks of infrastructure companies across all market capitalizations.

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