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KYN Ex-Dividend Reminder - 6/23/23

By Preferred Stock Channel Staff, Wednesday, June 21, 10:12 AM ET

On 6/23/23, Kayne Anderson MLP Investment Company (NYSE:KYN) will trade ex-dividend, for its quarterly dividend of $0.21, payable on 7/5/23. As a percentage of KYN's recent stock price of $8.19, this dividend works out to approximately 2.56%, so look for shares of Kayne Anderson MLP Investment Company to trade 2.56% lower — all else being equal — when KYN shares open for trading on 6/23/23.

Below is a dividend history chart for KYN, showing historical dividends prior to the most recent $0.21 declared by Kayne Anderson MLP Investment Company:

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from KYN is likely to continue, and whether the current estimated yield of 10.26% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of KYN shares, versus its 200 day moving average:

Kayne Anderson MLP Investment Company 200 Day Moving Average Chart

Looking at the chart above, KYN's low point in its 52 week range is $7.76 per share, with $9.66 as the 52 week high point — that compares with a last trade of $8.17.

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In Wednesday trading, Kayne Anderson MLP Investment Company shares are currently trading flat on the day.

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