Kayne Anderson MLP Investment Company's Series F Mandatory Redeemable Preferred Shares About To Put More Money In Your Pocket

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On 2/12/14, Kayne Anderson MLP Investment Company's 3.500% Series F Mandatory Redeemable Preferred Shares (Symbol: KYN.PRF) will trade ex-dividend, for its monthly dividend of $0.0729, payable on 3/3/14. As a percentage of KYN.PRF's recent share price of $24.28, this dividend works out to approximately 0.30%. On an annualized basis, the current yield is approximately 3.61%, which compares to an average yield of 5.78% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of KYN.PRF shares, versus KYN:

Performance Comparison Chart


Below is a dividend history chart for KYN.PRF, showing historical dividends prior to the most recent $0.0729 on Kayne Anderson MLP Investment Company's 3.500% Series F Mandatory Redeemable Preferred Shares :

KYN.PRF+Dividend+History+Chart

In Monday trading, Kayne Anderson MLP Investment Company's 3.500% Series F Mandatory Redeemable Preferred Shares (Symbol: KYN.PRF) is currently up 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.PRF , KYN

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