CBRE Global Real Estate Income Fund (NYSE:IGR) Increases Dividend to $0.06 Per Share

CBRE Global Real Estate Income Fund (NYSE:IGRGet Free Report) announced a monthly dividend on Monday, April 8th, investing.com reports. Shareholders of record on Friday, April 19th will be given 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 yield of 14.86%. The ex-dividend date of this dividend 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 increased its dividend payment by an average of 6.3% per year over the last three years.

CBRE Global Real Estate Income Fund Trading Up 1.4 %

CBRE Global Real Estate Income Fund stock traded up $0.06 during mid-day trading on Wednesday, hitting $4.85. The company had a trading volume of 978,477 shares, compared to its average volume of 687,217. The stock’s 50 day moving average price is $5.14 and its two-hundred day moving average price is $4.93. CBRE Global Real Estate Income Fund has a 12 month low of $3.88 and a 12 month high of $5.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IGR. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of CBRE Global Real Estate Income Fund by 2.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 186,200 shares of the closed-end fund’s stock valued at $1,683,000 after purchasing an additional 4,444 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of CBRE Global Real Estate Income Fund by 28.3% during the first quarter. HighTower Advisors LLC now owns 31,692 shares of the closed-end fund’s stock valued at $291,000 after purchasing an additional 6,999 shares in the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of CBRE Global Real Estate Income Fund by 117.5% during the first quarter. Cetera Advisor Networks LLC now owns 48,033 shares of the closed-end fund’s stock valued at $434,000 after purchasing an additional 25,952 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of CBRE Global Real Estate Income Fund during the first quarter valued at $127,000. Finally, Baird Financial Group Inc. lifted its holdings in shares of CBRE Global Real Estate Income Fund by 8.9% during the first quarter. Baird Financial Group Inc. now owns 108,992 shares of the closed-end fund’s stock valued at $985,000 after purchasing an additional 8,934 shares in the last quarter.

About CBRE Global Real Estate Income Fund

(Get Free Report)

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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