News headlines about Kayne Anderson Energy Development (NYSE:KED) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kayne Anderson Energy Development earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned headlines about the investment management company an impact score of 46.047152404818 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of brokerages recently weighed in on KED. Stifel Nicolaus restated a “buy” rating and set a $20.00 price objective on shares of Kayne Anderson Energy Development in a research report on Friday, October 13th. Zacks Investment Research downgraded shares of Kayne Anderson Energy Development from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Monday, October 9th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 10.37%. The ex-dividend date of this dividend was Thursday, October 5th.
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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, 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 midstream energy companies, which operates assets used to gather, transport, process, treat, terminal and store natural gas, natural gas liquids, crude oil or refined petroleum products; upstream energy companies, which are engaged in the exploration, extraction and production of natural resources, including natural gas, natural gas liquids and crude oil, from onshore and offshore geological reservoirs, and other energy companies, which are engaged in owning, leasing, managing, producing, processing and selling of coal and coal reserves.
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