Cohen and Steers Global Income Builder (INB) Hits New 52-Week Low at $8.08

Cohen and Steers Global Income Builder (NYSE:INB) reached a new 52-week low during trading on Thursday . The stock traded as low as $8.08 and last traded at $8.20, with a volume of 5581 shares trading hands. The stock had previously closed at $8.42.

The business also recently disclosed a monthly dividend, which was paid on Friday, November 30th. Stockholders of record on Wednesday, November 14th were paid a dividend of $0.069 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 10.18%. The ex-dividend date was Tuesday, November 13th.

Several institutional investors have recently made changes to their positions in INB. Cambridge Investment Research Advisors Inc. raised its stake in shares of Cohen and Steers Global Income Builder by 8.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 70,530 shares of the company’s stock worth $670,000 after purchasing an additional 5,451 shares in the last quarter. Doliver Capital Advisors LP bought a new stake in shares of Cohen and Steers Global Income Builder during the 3rd quarter worth approximately $411,000. Finally, Shaker Financial Services LLC bought a new stake in shares of Cohen and Steers Global Income Builder during the 3rd quarter worth approximately $1,574,000.

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About Cohen and Steers Global Income Builder (NYSE:INB)

Cohen & Steers Global Income Builder, Inc is a closed-end equity mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity markets across the globe. It also invests in ADR securities. The fund also makes its investments in other close ended funds.

Further Reading: What is the Coverage Ratio?

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