Kayne Anderson MLP Investment Co. (KYN) Announces Quarterly Dividend of $0.45
Kayne Anderson MLP Investment Co. (NYSE:KYN) announced a quarterly dividend on Monday, October 2nd, Wall Street Journal reports. Investors of record on Monday, October 9th will be paid a dividend of 0.45 per share by the financial services provider on Friday, October 13th. This represents a $1.80 dividend on an annualized basis and a yield of 9.84%. The ex-dividend date is Thursday, October 5th.
Kayne Anderson MLP Investment has decreased its dividend payment by an average of 1.3% annually over the last three years.
Kayne Anderson MLP Investment (KYN) traded up 0.72% on Monday, hitting $18.30. 329,272 shares of the stock were exchanged. Kayne Anderson MLP Investment has a 52 week low of $16.51 and a 52 week high of $22.15. The company’s 50-day moving average is $17.58 and its 200-day moving average is $18.91.
An institutional investor recently raised its stake in Kayne Anderson MLP Investment stock. Northern Trust Corp grew its stake in shares of Kayne Anderson MLP Investment Co. (NYSE:KYN) by 21.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 16,767 shares of the financial services provider’s stock after buying an additional 2,950 shares during the period. Northern Trust Corp’s holdings in Kayne Anderson MLP Investment were worth $316,000 as of its most recent filing with the SEC.
ILLEGAL ACTIVITY NOTICE: “Kayne Anderson MLP Investment Co. (KYN) Announces Quarterly Dividend of $0.45” was first published by Watch List News and is owned by of Watch List News. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.watchlistnews.com/kayne-anderson-mlp-investment-co-kyn-announces-quarterly-dividend-of-0-45/1603841.html.
About Kayne Anderson MLP Investment
Kayne Anderson MLP Investment Company is a non-diversified, closed-end management investment company. The Company’s investment objective is to obtain a high after-tax total return by investing at least 85% of its total assets in energy-related master limited partnerships and their affiliates (MLPs) and in other companies that operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products or coal.
Receive News & Ratings for Kayne Anderson MLP Investment Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kayne Anderson MLP Investment Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.