Kayne Anderson MLP Investment Co. (NYSE:KYN) announced a quarterly dividend on Monday, December 18th, Wall Street Journal reports. Stockholders of record on Friday, January 5th will be paid a dividend of 0.45 per share by the financial services provider on Friday, January 12th. This represents a $1.80 annualized dividend and a dividend yield of 9.45%. The ex-dividend date of this dividend is Thursday, January 4th.
Kayne Anderson MLP Investment has decreased its dividend payment by an average of 1.3% annually over the last three years.
Shares of Kayne Anderson MLP Investment (NYSE:KYN) opened at $19.05 on Friday. The stock has a market cap of $2,140.00, a PE ratio of -381.00 and a beta of 0.86. Kayne Anderson MLP Investment has a 1 year low of $14.38 and a 1 year high of $22.15.
In other Kayne Anderson MLP Investment news, VP Ron M. Logan, Jr. purchased 20,000 shares of Kayne Anderson MLP Investment stock in a transaction dated Thursday, October 26th. The shares were acquired at an average price of $15.75 per share, with a total value of $315,000.00. Following the completion of the transaction, the vice president now owns 30,773 shares of the company’s stock, valued at $484,674.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
An institutional investor recently raised its position in Kayne Anderson MLP Investment stock. Northern Trust Corp lifted its holdings in shares of Kayne Anderson MLP Investment Co. (NYSE:KYN) by 21.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,767 shares of the financial services provider’s stock after purchasing an additional 2,950 shares during the quarter. Northern Trust Corp’s holdings in Kayne Anderson MLP Investment were worth $316,000 as of its most recent filing with the SEC.
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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