Dividend Channel
Free Dividend Report - Top Ranked Stocks

PARTNER NEWS:

Wed, Jul 1, 7:47 AM, Zacks
Yintech Investment (YIN) Catches Eye: Stock Jumps 8.3%
Yintech Investment (YIN) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.

Tue, Jun 23, 10:20 AM, Zacks
Will Evercore (EVR) Gain on Rising Earnings Estimates?
Evercore (EVR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Featured MNV Articles:

KYN Makes Bullish Cross Above Critical Moving Average
Wednesday, July 10, 11:08 AM ET, by Market News Video Staff

In trading on Wednesday, shares of Kayne Anderson MLP Investment Company (KYN) crossed above their ...

Cash Dividend On The Way From Kayne Anderson MLP Investment Company's 3.500% Series F Mandatory Redeemable Preferred Shares
Wednesday, July 10, 1:36 PM ET, by Market News Video Staff

On 7/12/19, Kayne Anderson MLP Investment Company's 3.500% Series F Mandatory Redeemable Preferred Shares (KYN.PRF) ...

Kayne Anderson MLP Investment Company Becomes Oversold
Monday, August 5, 1:47 PM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

Kayne Anderson MLP Investment Company's 3.500% Series F Mandatory Redeemable Preferred Shares About To Put More Money In Your Pocket
Monday, August 12, 1:36 PM ET, by Market News Video Staff

On 8/14/19, Kayne Anderson MLP Investment Company's 3.500% Series F Mandatory Redeemable Preferred Shares (KYN.PRF) ...

Relative Strength Alert For Kayne Anderson MLP Investment
Tuesday, October 8, 11:54 AM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Snatch This Bargain 9.5% Yielder Even Cheaper Than President Baker Did

By Dividend Channel Staff, Monday, June 24, 9:58 AM ET
Play Video: One Reason For Insiders to Buy


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 22, Kayne Anderson MLP Investment Company's President, James C. Baker, invested $633,200.00 into 40,000 shares of KYN, for a cost per share of $15.83. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Monday, bargain hunters could buy shares of Kayne Anderson MLP Investment Company (NYSE:KYN) and achieve a cost basis 3.9% cheaper than Baker, with shares changing hands as low as $15.22 per share. It should be noted that Baker has collected $0.12/share in dividends since the time of their purchase, so they are currently down 3.1% on their purchase from a total return basis. Kayne Anderson MLP Investment Company shares are currently trading off about 0.1% on the day. The chart below shows the one year performance of KYN shares, versus its 200 day moving average:

Kayne Anderson MLP Investment Company Chart

Looking at the chart above, KYN's low point in its 52 week range is $12.2585 per share, with $19.85 as the 52 week high point — that compares with a last trade of $15.24. By comparison, below is a table showing the prices at which KYN insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
12/26/2018 James C. Baker President 20,000 $12.76 $255,200.00
12/28/2018 William H. Shea Jr. Director 2,000 $12.75 $25,500.00
05/22/2019 James C. Baker President 40,000 $15.83 $633,200.00

The current annualized dividend paid by Kayne Anderson MLP Investment Company is $1.44/share, currently paid in monthly installments, and its most recent dividend ex-date was on 06/19/2019. Below is a long-term dividend history chart for KYN, which can be of good help in judging whether the most recent dividend with approx. 9.5% annualized yield is likely to continue.


Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.


This Article's Word Cloud:   Anderson   Arial   Back   Baker   Bargain   Bargains   Below   Cheaper   Company   Days   Director   Dividend   Dollars   Insider   Investment   James   Kayne   President   Seven   about   annualized   basis   below   buying   chart   cost   currently   dividend   escape   fillColor   hunters   insider   last   most   only   paid   point   purchase   reason   recent   share   shares   stock   that   their   they   trading   week   which   with

Snatch This Bargain 9.5% Yielder Even Cheaper Than President Baker Did | www.DividendChannel.com | Copyright © 2010 - 2020, All Rights Reserved

Nothing in Dividend Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Dividend Channel; Meet Our Editorial Staff.