Cash Dividend On The Way From Kayne Anderson MLP Investment Company's Series G Mandatory Redeemable Preferred Shares

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On 8/13/14, Kayne Anderson MLP Investment Company's 4.60% Series G Mandatory Redeemable Preferred Shares (Symbol: KYN.PRG) will trade ex-dividend, for its monthly dividend of $0.0958, payable on 9/1/14. As a percentage of KYN.PRG's recent share price of $25.44, this dividend works out to approximately 0.38%. On an annualized basis, the current yield is approximately 4.52%, which compares to an average yield of 5.71% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of KYN.PRG shares, versus KYN:

Performance Comparison Chart


Below is a dividend history chart for KYN.PRG, showing historical dividends prior to the most recent $0.0958 on Kayne Anderson MLP Investment Company's 4.60% Series G Mandatory Redeemable Preferred Shares:

KYN.PRG+Dividend+History+Chart

In Monday trading, Kayne Anderson MLP Investment Company's 4.60% Series G Mandatory Redeemable Preferred Shares (Symbol: KYN.PRG) is currently off about 0.1% on the day, while the common shares (Symbol: KYN) are trading flat.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas

Referenced Stocks: KYN.PRG , KYN

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