Kayne Anderson MLP Investment Company Increases Distribution to $0.55 per Share for Q4 2012
Kayne Anderson MLP Investment Company (the “Company”) (NYSE: KYN) announced today its quarterly distribution of $0.55 per share for the quarter ended November 30, 2012. This distribution represents an increase of 2.3% from the prior quarter's distribution of $0.5375 per share and an increase of 7.8% from the distribution for the quarter ended November 30, 2011. This represents the ninth consecutive quarterly increase by the Company.
The distribution will be payable on January 11, 2013 to common stockholders of record on December 28, 2012, with an ex-dividend date of December 26, 2012. It is anticipated that a portion of this distribution will be treated as a return of capital for tax purposes. The final determination of such amount will be made in early 2013 when the Company can determine its earnings and profits. The final tax status of the distribution may differ substantially from this preliminary information.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.