Kayne Anderson MLP Investment Co. (KYN) Declares Quarterly Dividend of $0.60
Kayne Anderson MLP Investment (NYSE:KYN) announced a quarterly dividend on Thursday, September 19th, StockRatingsNetwork.com reports. Shareholders of record on Friday, October 4th will be paid a dividend of $0.595 per share on Friday, October 11th. This represents a $2.38 annualized dividend and a dividend yield of 6.67%. The ex-dividend date is Wednesday, October 2nd.
Kayne Anderson MLP Investment (NYSE:KYN) traded up 0.95% during mid-day trading on Thursday, hitting $36.00. 287,875 shares of the company’s stock traded hands. Kayne Anderson MLP Investment has a 52-week low of $27.55 and a 52-week high of $39.68. The stock’s 50-day moving average is $35.7 and its 200-day moving average is $35.87.
Kayne Anderson MLP Investment Company is a non-diversified, closed-end 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 plus any borrowings in energy-related master limited partnerships (NYSE:KYN) and their affiliates, and in other companies that, as their principal business, 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 (collectively with MLPs referred to as Midstream Energy Companies).
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