Kayne Anderson Energy Development Co. (ked) Plans Quarterly Dividend of $0.48
Kayne Anderson Energy Development Co. (NYSE:ked) declared a quarterly dividend on Friday, September 30th. Shareholders of record on Friday, October 7th will be paid a dividend of 0.48 per share by the investment management company on Friday, October 14th. This represents a $1.92 dividend on an annualized basis and a yield of 10.12%. The ex-dividend date of this dividend is Wednesday, October 5th.
Kayne Anderson Energy Development (NYSE:KED) opened at 18.965 on Monday. The firm’s 50-day moving average is $18.67 and its 200-day moving average is $18.07. Kayne Anderson Energy Development has a 12 month low of $9.86 and a 12 month high of $25.52.
Separately, Zacks Investment Research lowered shares of Kayne Anderson Energy Development from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd.
A hedge fund recently bought a new stake in Kayne Anderson Energy Development stock. Usca Ria LLC purchased a new stake in Kayne Anderson Energy Development Co. (NYSE:KED) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,650 shares of the investment management company’s stock, valued at approximately $323,000.
About Kayne Anderson Energy Development
Kayne Anderson Energy Development Company is a non-diversified, closed-end fund. The Fund’s investment objective is to generate both current income and capital appreciation primarily through equity and debt investments. It seeks to achieve this objective by investing approximately 80% of its total assets in securities of companies that derive their revenue from activities in the energy industry, including Upstream Energy Companies, which are engaged in the exploration, extraction and production of natural resources, including natural gas and gas liquids and crude oil, from geological reservoirs; Midstream Energy Companies, which are businesses that operate assets used to gather, transport, process, treat, terminal and store natural gas, natural gas liquids, propane, crude oil or refined petroleum products, and Other Energy Companies, which are businesses engaged in owning, producing, processing and selling of coal and coal reserves.
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