Kayne Anderson Energy Infrastructure Fund Boosts Q3 Share Distribution
Kayne Anderson Energy Infrastructure Fund Announces Distribution
The Kayne Anderson Energy Infrastructure Fund, Inc. has officially announced a quarterly distribution of $0.24 per share for the fiscal quarter ended recently. This amount represents a notable increase of $0.02 per share compared to the previous quarter's distribution. Payable to the common stockholders, this distribution is scheduled for release shortly.
Positive Performance Fueling Distribution Growth
Jim Baker, the Chairman, President, and CEO of the Company, expressed satisfaction with the fund's performance throughout the fiscal year. He elaborated on the significance of this increased distribution, highlighting that it reflects a 9% growth from previous distributions. Baker emphasized the importance of these distributions to investors, affirming the company's commitment to steadily enhancing KYN’s distribution over time, which is supported by the fund's strong operating results.
Detailing the Distribution Timeline
A closer look at the distribution timeline outlines critical dates for stockholders:
Key Dates:
- Record Date / Ex-Date: 9/30/24
- Payment Date: 10/7/24
- Distribution Amount: $0.24 per share
- Return of Capital Estimate: 0%
This information is crucial for investors to understand when they can expect to receive their shares and plan accordingly.
Understanding the Distribution Estimates
The stated estimates for the tax character of distributions are based on the company's anticipated earnings and profits. It’s essential to note that the final determination of the tax character will only be ascertainable after the end of the fiscal year and might significantly differ from the preliminary information provided.
Insight into Kayne Anderson Energy Infrastructure Fund
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) operates as a non-diversified, closed-end management investment company. It is registered under the Investment Company Act of 1940, which governs such entities. The fund trades on the NYSE and aims to achieve a high after-tax total return while placing emphasis on cash distributions to stockholders. The company strategically invests at least 80% of its total assets in securities associated with Energy Infrastructure Companies, tapping into key market sectors.
Cash Distribution Policy
The Company maintains a policy of paying cash distributions to its common stockholders, although these rates are subject to adjustments. Distributions are not guaranteed and may fluctuate based on a variety of factors, including portfolio changes and overall market conditions.
Important Considerations for Investors
Potential investors should consult with their financial advisors before making investment choices. This is crucial, especially considering the inevitable variety in market conditions that may impact future performance and distributions. The fund is committed to transparency and aims to provide substantial returns to its investors, yet it is essential to evaluate personal financial situations and risk tolerance before investing.
Frequently Asked Questions
What is the distribution amount announced for Q3 2024?
The announced distribution amount is $0.24 per share for Q3 2024.
When will the distribution be paid to stockholders?
The payment date for the distribution is scheduled for October 7, 2024.
What factors influence the distribution amounts?
The distribution amounts may vary depending on portfolio holdings, market conditions, and the fund's operating performance.
What is Kayne Anderson Energy Infrastructure Fund's primary investment focus?
The fund primarily invests in securities of Energy Infrastructure Companies to achieve its investment objectives.
Who should I contact for more information about the fund?
For further inquiries, investors can reach out to investor relations at 877-657-3863 or contact them via email.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Spectral Capital's $15 Million Fundraising for Quantum Innovations
- KKR Shares Dip Amid Climate Strategy Partnership Insights
- Allied Gaming Addresses Shareholder Concerns with Transparency
- Amalgamated Bank's Shares Poised for Growth Amid Strong Outlook
- SP Group A/S Launches Strategic Share Buy-Back Program
- Partners Value Split Corp. Celebrates Major Preferred Share Offering
- Allspring Funds Announce New Monthly Distributions
- Recent Legal Developments Involving NANO Nuclear Energy Inc.
- Blackstone Mortgage Trust Prepares for Q3 2024 Earnings Call
- Allspring Funds Announce Monthly Dividend Increases for Investors
Recent Articles
- Diamondback Energy Unveils New Stock Offering Amid Growth Plans
- Leadership Changes at PepGen Inc. as Key Director Retires
- Amaya Big Sky Capital and Flight Food: A New Era for Investors
- W. P. Carey Increases Quarterly Dividend to $0.875 per Share
- Biodexa Pharmaceuticals Adjusts ADR Ratio for Market Compliance
- Martin Marietta Expands Financial Flexibility with New Credit Facility
- Kiromic BioPharma Expands Clinical Trials with Key Partnership
- AngioDynamics Launches Groundbreaking RECOVER-AV Trial
- Saul Centers Upholds Dividends Amid Positive Financial Growth
- Essent Group Ltd. Receives Stable Rating from AM Best Agency
- Leadership Changes at Malibu Boats and Future Prospects
- Learn CW Investment Corp Secures $4.8 Million Funding Boost
- Understanding Market Trends and Procter & Gamble's Future
- Exploring Recent Activity and Insights on Lowe's Companies
- Chewy Inc. Expands Stock Strategy with Significant Offering
- Blueprint Medicines: A Bright Future Ahead Amid Market Concerns
- Centessa Pharmaceuticals Receives Positive Morgan Stanley Upgrade
- Early Halloween Shopping Trends Reflect Changing Consumer Habits
- Neumora Therapeutics' Insider Selling Sparks Investor Interest
- Recent Insider Selling Highlights Stronghold Digital Mining's Moves
- Dana-Farber Cancer Institute and Clinical.ly Join Forces
- Key Share Sales Highlight Stronghold Digital Mining's Journey
- Rural Development Partners Secures $65 Million for Community Growth
- Addressing Homelessness: Insights from Chicago's First CHO
- Lennar Corp Reports Significant Growth in Q3 Home Deliveries
- MillerKnoll Faces Challenges with Q1 Results and Guidance
- MACOM Executive's Stock Sales Highlight Company Confidence
- Coastal Financial Corp Insider Activity: A Closer Look
- Middlefield Banc Corp's CEO Invests $6K, Reflecting Confidence
- Stock Market Insights: FedEx, Nike, Chewy Performance Review
- Michael Saylor Shares Optimism as Bitcoin Climbs Beyond $63K
- Evaluating the Recent Fed Rate Cut: Impacts on the Economy
- Innovative Leadership Program Set to Transform Blood Centers
- NIO Inc. Strengthens Team with Former Tesla Managers
- New Consumer Guide Series by National Association of Realtors
- Celebrating the Next Generation: Freedom Award Forum 2024
- Innovative Advances in Internal Combustion Engines Explored
- Battalion Oil Corporation Enhances Merger Deal with Fury Resources
- Zenas BioPharma Expands Offering with Additional Shares Sale
- Biodexa Pharmaceuticals Announces Significant ADR Ratio Update
- KBR's Joint Venture Chosen for Significant LNG Transformation Project
- Coherent Unveils Alpha Release of Advanced Optical Modules
- Cryptocurrency Market Boost: Signals for Future Growth
- Alabama Always, LLC Takes Action to Reform Cannabis Licensing
- PepGen's Board Transition: Dr. Ashton Announces Retirement
- Dime Community Bancshares Expands Team for C&I Lending Growth
- Owens Corning Delivers Solid Dividend for Shareholders
- European Psychedelics Reform Initiative Aims for Major Change
- Territorial Bancorp Confirms Commitment to Hope Bancorp Merger
- Orion S.A. Announces Noteworthy Interim Dividend for Shareholders