CBRE Global Real Estate Income Fund (IGR) to Issue Monthly Dividend of $0.06 on April 30th

CBRE Global Real Estate Income Fund (NYSE:IGR) declared a monthly dividend on Monday, April 8th, investing.com reports. Shareholders of record on Friday, April 19th will be paid a dividend of 0.06 per share by the closed-end fund on Tuesday, April 30th. This represents a $0.72 dividend on an annualized basis and a yield of 14.86%. The ex-dividend date is Thursday, April 18th. This is a boost from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.05.

CBRE Global Real Estate Income Fund has raised its dividend payment by an average of 6.3% per year over the last three years.

CBRE Global Real Estate Income Fund Price Performance

IGR stock traded up $0.06 during trading on Wednesday, reaching $4.85. 978,477 shares of the stock were exchanged, compared to its average volume of 687,217. The business has a 50 day moving average price of $5.14 and a 200-day moving average price of $4.93. CBRE Global Real Estate Income Fund has a 1 year low of $3.88 and a 1 year high of $5.62.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in CBRE Global Real Estate Income Fund during the 2nd quarter worth approximately $76,000. Kestra Advisory Services LLC purchased a new stake in shares of CBRE Global Real Estate Income Fund in the 2nd quarter valued at approximately $56,000. Lido Advisors LLC purchased a new stake in shares of CBRE Global Real Estate Income Fund in the 1st quarter valued at approximately $63,000. Fiduciary Group LLC increased its position in shares of CBRE Global Real Estate Income Fund by 20.0% in the 1st quarter. Fiduciary Group LLC now owns 12,180 shares of the closed-end fund’s stock valued at $65,000 after purchasing an additional 2,030 shares during the last quarter. Finally, LM Advisors LLC purchased a new stake in shares of CBRE Global Real Estate Income Fund in the 4th quarter valued at approximately $67,000.

CBRE Global Real Estate Income Fund Company Profile

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.