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

On 6/11/15, Kayne Anderson MLP Investment Company's 3.500% Series F Mandatory Redeemable Preferred Shares ( KYN.PRF) will trade ex-dividend, for its monthly dividend of $0.0729, payable on 7/1/15. As a percentage of KYN.PRF's recent share price of $25.29, this dividend works out to approximately 0.29%. On an annualized basis, the current yield is approximately 3.47%, which compares to an average yield of 5.70% in the "Financial" preferred stock category, according to Preferred Stock Channel.

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

As of last close, KYN.PRF was trading at a 0.80% premium to its liquidation preference amount, versus the average premium of 1.63% in the "Financial" category. 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 Tuesday trading, Kayne Anderson MLP Investment Company's 3.500% Series F Mandatory Redeemable Preferred Shares ( KYN.PRF) is currently up about 0.4% on the day, while the common shares ( KYN) are down about 0.9%.

If you liked this article you might like

3 Stocks Going Ex-Dividend Tomorrow: KMF, KYN, WERN

Dividend Watch: 3 Stocks Going Ex-Dividend Monday: KYN, CMC, GPS

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Wednesday: GNL, KYN, ROP

3 Stocks With Upcoming Ex-Dividend Dates: IAE, FPL, KYN

Tomorrow's Ex-Dividends To Watch: IRR, DX, KYN