Kayne Anderson MLP Investment Co. Declares Quarterly Dividend of $0.45 (KYN)
Kayne Anderson MLP Investment Co. (NYSE:KYN) declared a quarterly dividend on Monday, July 3rd, Wall Street Journal reports. Investors of record on Monday, July 10th will be paid a dividend of 0.45 per share by the financial services provider on Friday, July 14th. This represents a $1.80 dividend on an annualized basis and a yield of 9.42%. The ex-dividend date of this dividend is Thursday, July 6th.
Kayne Anderson MLP Investment has decreased its dividend by an average of 1.3% per year over the last three years.
Shares of Kayne Anderson MLP Investment (KYN) traded up 1.38% during trading on Monday, reaching $19.11. The company had a trading volume of 198,373 shares. The company has a 50 day moving average of $18.65 and a 200-day moving average of $19.90. Kayne Anderson MLP Investment has a 52-week low of $17.28 and a 52-week high of $22.15.
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Kayne Anderson MLP Investment Company Profile
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.
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