Kayne Anderson MLP Investment Company's Series E Preferred Shares About To Put More Money In Your Pocket

On 9/11/13, Kayne Anderson MLP Investment Company's 4.25% Series E Mandatory Redeemable Preferred Shares (NYSE: KYN.PRE) will trade ex-dividend, for its monthly dividend of $0.0885, payable on 10/1/13. As a percentage of KYN.PRE's recent share price of $25.00, this dividend works out to approximately 0.35%. On an annualized basis, the current yield is approximately 4.26%, which compares to an average yield of 5.70% in the "Financial" preferred stock category, according to Preferred Stock Channel...