CBRE Global Real Estate Income Fund (NYSE:IGR) Announces Dividend Increase – $0.06 Per Share

CBRE Global Real Estate Income Fund (NYSE:IGR) announced a monthly dividend on Monday, April 8th, investing.com reports. Investors 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 dividend on an annualized basis and a dividend 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 by an average of 6.3% per year over the last three years.

CBRE Global Real Estate Income Fund Price Performance

Shares of NYSE:IGR traded up $0.06 during midday trading on Wednesday, reaching $4.85. The company had a trading volume of 978,477 shares, compared to its average volume of 687,217. The business’s 50 day moving average price is $5.14 and its 200 day moving average price is $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 Trading of CBRE Global Real Estate Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley increased its position in CBRE Global Real Estate Income Fund by 3.6% during the third quarter. Morgan Stanley now owns 10,404,004 shares of the closed-end fund’s stock worth $46,818,000 after buying an additional 361,108 shares during the last quarter. UBS Group AG grew its position in CBRE Global Real Estate Income Fund by 4.2% during the first quarter. UBS Group AG now owns 3,776,079 shares of the closed-end fund’s stock worth $34,136,000 after buying an additional 153,681 shares in the last quarter. Advisors Asset Management Inc. grew its position in CBRE Global Real Estate Income Fund by 8.2% during the first quarter. Advisors Asset Management Inc. now owns 1,629,768 shares of the closed-end fund’s stock worth $14,733,000 after buying an additional 123,477 shares in the last quarter. Ameriprise Financial Inc. grew its position in CBRE Global Real Estate Income Fund by 6.3% during the third quarter. Ameriprise Financial Inc. now owns 1,005,462 shares of the closed-end fund’s stock worth $4,522,000 after buying an additional 59,738 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in CBRE Global Real Estate Income Fund by 2.5% during the second quarter. Osaic Holdings Inc. now owns 775,925 shares of the closed-end fund’s stock worth $4,058,000 after buying an additional 18,715 shares in the last quarter.

About CBRE Global Real Estate Income Fund

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.