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

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Shutterstock photo

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On 9/13/16, 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 10/3/16. As a percentage of KYN.PRF's recent share price of $25.32, this dividend works out to approximately 0.29%. On an annualized basis, the current yield is approximately 3.46%, which compares to an average yield of 5.32% 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 Friday trading, Kayne Anderson MLP Investment Company's 3.500% Series F Mandatory Redeemable Preferred Shares (Symbol: KYN.PRF) is currently trading flat on the day, while the common shares (Symbol: KYN) are off about 3.7%.

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 Nasdaq, Inc.


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

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KYN.PRF KYN