Kayne Anderson Midstream Energy Fd, Inc. (NYSE:KMF) announced a quarterly dividend on Monday, December 18th, Wall Street Journal reports. Investors of record on Friday, December 29th will be paid a dividend of 0.30 per share by the closed-end fund on Friday, January 12th. This represents a $1.20 annualized dividend and a yield of 8.58%. The ex-dividend date of this dividend is Thursday, December 28th.
Kayne Anderson Midstream Energy Fd has decreased its dividend payment by an average of 6.0% annually over the last three years.
Kayne Anderson Midstream Energy Fd (NYSE:KMF) traded up $0.29 during midday trading on Friday, hitting $13.98. The stock had a trading volume of 146,321 shares, compared to its average volume of 109,789. Kayne Anderson Midstream Energy Fd has a 52-week low of $12.25 and a 52-week high of $17.04.
About Kayne Anderson Midstream Energy Fd
Kayne Anderson Midstream/Energy Fund, Inc (the Fund) is a non-diversified, closed-end investment management company. The Fund’s investment objective is to provide a high level of return with an emphasis on making quarterly cash distributions to its stockholders. The Fund seeks to achieve its investment objective by investing at least 80% of its total assets in the securities of companies in the Midstream/Energy Sector, consisting of midstream master limited partnerships (MLPs), midstream companies, other MLPs and other energy companies.
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