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
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:
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:
||James C. Baker
||William H. Shea Jr.
||James C. Baker
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.
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