CBRE Global Real Estate Income Fund (IGR) To Go Ex-Dividend on November 17th

CBRE Global Real Estate Income Fund (NYSE:IGR) announced a monthly dividend on Monday, October 9th, investing.com reports. Investors of record on Monday, November 20th will be paid a dividend of 0.06 per share by the closed-end fund on Thursday, November 30th. This represents a $0.72 annualized dividend and a yield of 16.05%. The ex-dividend date is Friday, November 17th. This is an increase 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 5.3% annually over the last three years and has increased its dividend every year for the last 1 years.

CBRE Global Real Estate Income Fund Stock Up 6.3 %

NYSE:IGR opened at $4.49 on Wednesday. CBRE Global Real Estate Income Fund has a fifty-two week low of $3.88 and a fifty-two week high of $7.21. The stock’s 50-day moving average is $4.45 and its two-hundred day moving average is $4.99.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IGR. UBS Group AG raised its stake in shares of CBRE Global Real Estate Income Fund by 4.2% during the 1st quarter. UBS Group AG now owns 3,776,079 shares of the closed-end fund’s stock worth $34,136,000 after purchasing an additional 153,681 shares in the last quarter. Advisors Asset Management Inc. raised 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 valued at $14,733,000 after acquiring an additional 123,477 shares in the last quarter. Ameriprise Financial Inc. raised 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 valued at $4,522,000 after acquiring an additional 59,738 shares in the last quarter. Osaic Holdings Inc. raised 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 valued at $4,058,000 after acquiring an additional 18,715 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in CBRE Global Real Estate Income Fund by 23.7% in the third quarter. LPL Financial LLC now owns 393,347 shares of the closed-end fund’s stock valued at $1,770,000 after acquiring an additional 75,426 shares during 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.