UTF stock hits 52-week high at $26.07 amid robust growth

Cohen & Steers Infrastructure Fund, Inc. (UTF) stock has soared to a 52-week high, reaching a price level of $26.07. This milestone underscores a period of significant growth for the fund, which has witnessed an impressive 1-year change of 34.92%. Investors have shown increased confidence in UTF, as the fund capitalizes on a robust infrastructure sector, propelling its stock to new heights over the past year. The fund's performance reflects a broader trend of investor interest in infrastructure investments, which have been buoyed by government spending and development initiatives.

InvestingPro Insights

Cohen & Steers Infrastructure Fund's recent performance is further illuminated by data from InvestingPro. The fund's stock is currently trading near its 52-week high, with a price that is 99.85% of its peak, confirming its strong market position. This aligns with the InvestingPro Tip that UTF has shown a "Strong return over the last three months," with a 3-month price total return of 18.01%.

Investors may find UTF particularly attractive for its income potential. The fund boasts a significant dividend yield of 7.15%, which is supported by an InvestingPro Tip highlighting that UTF "Pays a significant dividend to shareholders" and "Has maintained dividend payments for 21 consecutive years." This consistent dividend history may be especially appealing to income-focused investors in the current market environment.

It's worth noting that while UTF's P/E ratio stands at 69.44, which may seem high, the fund's focus on infrastructure and its dividend yield could justify this valuation for long-term investors. For those seeking more comprehensive analysis, InvestingPro offers additional tips and insights, with 7 more tips available for UTF on the platform.

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