Dividend Reporting: Kayne Anderson Energy Development Company (NYSE:KED) expected to pay $0.48 on Oct 14, 2016

Dividend Reporting: Kayne Anderson Energy Development Company (NYSE:KED) expected to pay $0.48 on Oct 14, 2016

Kayne Anderson Energy Development Company (NYSE:KED) is expected to pay $0.48 on Oct 14, 2016. The indicated annual dividend is $1.92. Shareholders owning the stock before Oct 5, 2016 will be eligible to receive the payout. Based on Kayne Anderson Energy Development Company’s current price of $18.91, the dividend is 2.54%. This dividend’s record date is Oct 7, 2016 and the announcement date is Sep 30, 2016. The stock decreased 0.29% or $0.06 on October 3, hitting $18.91. Kayne Anderson Energy Development Co. (NYSE:KED) has risen 31.87% since March 1, 2016 and is uptrending. It has outperformed by 22.63% the S&P500.

Kayne Anderson Energy Development Company is a non-diversified, closed-end fund. The company has a market cap of $202.33 million. The Fund’s investment objective is to generate both current income and capital appreciation primarily through equity and debt investments. It currently has negative earnings. 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.

Insitutional Activity: The institutional sentiment decreased to 0.72 in Q2 2016. Its down 0.17, from 0.89 in 2016Q1. The ratio dropped, as 2 funds sold all Kayne Anderson Energy Development Co. shares owned while 16 reduced positions. 5 funds bought stakes while 8 increased positions. They now own 1.90 million shares or 7.95% less from 2.06 million shares in 2016Q1.
Moreover, Janney Montgomery Scott Limited Liability Co has 0% invested in Kayne Anderson Energy Development Co. (NYSE:KED) for 14,693 shares. Cedar Hill has 239,366 shares for 0.8% of their US portfolio. Springbok Cap Mgmt Ltd Liability Corp accumulated 1,500 shares or 0% of the stock. The California-based First Foundation Advsr has invested 0.01% in Kayne Anderson Energy Development Co. (NYSE:KED). Tsp Capital Gru Ltd Liability owns 14,470 shares or 0.15% of their US portfolio. Raymond James Finance Ser holds 15,760 shares or 0% of its portfolio. Lpl Financial Ltd Liability Corporation, a California-based fund reported 50,559 shares. Legal General Grp Inc Public Limited Co last reported 21,097 shares in the company. Huntington Savings Bank owns 1,000 shares or 0% of their US portfolio. Horizon Kinetics Limited last reported 75,407 shares in the company. Camelot Portfolios Ltd Liability Corp has 23,265 shares for 0.26% of their US portfolio. Ladenburg Thalmann Finance holds 0% or 16,106 shares in its portfolio. The Texas-based Usca Ria Limited Liability Corporation has invested 0.05% in Kayne Anderson Energy Development Co. (NYSE:KED). Kayne Anderson Advsrs Lp owns 18,359 shares or 0% of their US portfolio. The Iowa-based Cambridge Rech Advsrs has invested 0.01% in Kayne Anderson Energy Development Co. (NYSE:KED).

Kayne Anderson Energy Development Co. (NYSE:KED) Ratings Coverage

Out of 2 analysts covering Kayne Anderson Energy (NYSE:KED), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Kayne Anderson Energy has been the topic of 3 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The rating was downgraded by Ladenburg Thalmann to “Neutral” on Tuesday, February 16. The rating was downgraded by Stifel Nicolaus to “Hold” on Thursday, November 12. Stifel Nicolaus maintained Kayne Anderson Energy Development Co. (NYSE:KED) rating on Wednesday, August 26. Stifel Nicolaus has “Buy” rating and $24 price target.

More notable recent Kayne Anderson Energy Development Co. (NYSE:KED) news were published by: Businesswire.com which released: “Kayne Anderson Energy Development Company Provides Unaudited Balance Sheet …” on October 04, 2016, also Finance.Yahoo.com with their article: “Kayne Anderson Energy Development Company Announces Distribution of $0.48 per …” published on September 28, 2016, Businesswire.com published: “Kayne Anderson Files 2015 Annual Reports for KYN, KYE, KMF and KED” on January 30, 2016. More interesting news about Kayne Anderson Energy Development Co. (NYSE:KED) were released by: Businesswire.com and their article: “Kayne Anderson Announces the Cancellation of Adjourned KYN, KYE, KMF and KED …” published on October 27, 2015 as well as Businesswire.com‘s news article titled: “Kayne Anderson Energy Development Company Announces Results for the Quarter …” with publication date: May 01, 2013.

KED Company Profile

Kayne Anderson Energy Development Company, incorporated in May 2006, is a non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation primarily through equity and debt investments. It invests primarily in energy companies that are not publicly traded (private). The Firm seeks to invest at least 80% of its net assets together with the proceeds of any borrowings in securities of companies that derive the majority of their revenue from activities in the energy industry (energy companies), including midstream energy companies, upstream and other energy companies. The Company’s investment advisor is KA Fund Advisors, LLC (KAFA).

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