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Kayne Anderson MLP Investment's Series G Preferred Shares Crosses Above 4.5% Yield Territory

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In trading on Tuesday, shares of Kayne Anderson MLP Investment Company's 4.60% Series G Mandatory Redeemable Preferred Shares (Symbol: KYN.PRG) were yielding above the 4.5% mark based on its monthly dividend (annualized to $1.15), with shares changing hands as low as $25.44 on the day. This compares to an average yield of 5.71% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, KYN.PRG was trading at a 2.80% premium to its liquidation preference amount, versus the average premium of 0.06% in the "Financial" category.

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 dividend payments on Kayne Anderson MLP Investment Company's 4.60% Series G Mandatory Redeemable Preferred Shares:

KYN.PRG+Dividend+History+Chart

In Tuesday trading, Kayne Anderson MLP Investment Company's 4.60% Series G Mandatory Redeemable Preferred Shares (Symbol: KYN.PRG) is currently off about 1% on the day, while the common shares (Symbol: KYN) are off about 0.6%.

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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