Kayne Anderson Energy Development Co. Plans Quarterly Dividend of $0.46 (KED)
Kayne Anderson Energy Development (NYSE:KED) announced a quarterly dividend on Thursday, September 26th, Stock Ratings Network.com reports. Stockholders of record on Friday, October 11th will be paid a dividend of $0.455 per share on Friday, October 18th. This represents a $1.82 annualized dividend and a dividend yield of 6.45%. The ex-dividend date is Wednesday, October 9th.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Kayne Anderson Energy Development (NYSE:KED) from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, September 2nd. They now have a $25.90 price target on the stock. Analysts at Stifel Nicolaus upgraded shares of Kayne Anderson Energy Development (NYSE:KED) from a “hold” rating to a “buy” rating in a research note to investors on Thursday, August 22nd. They now have a $29.00 price target on the stock.
Kayne Anderson Energy Development (NYSE:KED) traded up 0.11% on Thursday, hitting $28.22. The stock had a trading volume of 24,933 shares. Kayne Anderson Energy Development has a one year low of $23.38 and a one year high of $28.51. The stock’s 50-day moving average is $26.81 and its 200-day moving average is $26.09.
Kayne Anderson Energy Development Company is a non-diversified, closed-end management investment company.
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