Kayne Anderson MLP Investment Co. Declares Quarterly Dividend of $0.64 (KYN)
Kayne Anderson MLP Investment (NYSE:KYN) announced a quarterly dividend on Wednesday, June 18th, AnalystRatings.Net reports. Shareholders of record on Thursday, July 3rd will be paid a dividend of 0.64 per share on Friday, July 11th. This represents a $2.56 annualized dividend and a dividend yield of 6.69%. The ex-dividend date is Tuesday, July 1st.
Kayne Anderson MLP Investment (NYSE:KYN) traded down 0.83% during mid-day trading on Wednesday, hitting $38.25. 324,688 shares of the company’s stock traded hands. Kayne Anderson MLP Investment has a 1-year low of $34.42 and a 1-year high of $40.22. The stock has a 50-day moving average of $37.33 and a 200-day moving average of $37.21.
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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