CBRE Global Real Estate Income Fund (NYSE:IGR) Announces Monthly Dividend of $0.06

Posted by Jeff Wilder on Apr 9th, 2024

CBRE Global Real Estate Income Fund (NYSE:IGR – Get Free Report) announced a monthly dividend on Monday, April 8th, NASDAQ reports. Stockholders 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 annualized dividend and a dividend yield of 13.61%. The ex-dividend date is Thursday, April 18th.

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

CBRE Global Real Estate Income Fund Stock Up 1.7 %

Shares of IGR traded up $0.09 during mid-day trading on Tuesday, hitting $5.29. 367,203 shares of the company’s stock were exchanged, compared to its average volume of 683,281. The stock’s 50-day moving average is $5.17 and its 200-day moving average is $4.91. CBRE Global Real Estate Income Fund has a fifty-two week low of $3.88 and a fifty-two week high of $5.70.

Institutional Trading of CBRE Global Real Estate Income Fund

Several hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new position in CBRE Global Real Estate Income Fund in the second quarter valued at approximately $56,000. Lido Advisors LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the first quarter worth approximately $63,000. Fiduciary Group LLC grew its position in 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 buying an additional 2,030 shares during the last quarter. LM Advisors LLC purchased a new position in CBRE Global Real Estate Income Fund in the 4th quarter valued at $67,000. Finally, XTX Topco Ltd purchased a new position in CBRE Global Real Estate Income Fund in the 2nd quarter valued at $76,000.

About CBRE Global Real Estate Income Fund

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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.