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

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTFGet 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.

See Also

Dividend History for Cohen & Steers Infrastructure Fund (NYSE:UTF)

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