Kayne Anderson Energy Infrastructure Fund, Inc. (KYN)
Company Overview
Kayne Anderson Energy Infrastructure Fund, Inc. is a closed-ended equity mutual fund that primarily invests in energy-related master limited partnerships (MLPs) in the United States. The company was formed in 2004 and is managed by KA Fund Advisors, LLC. Its investment objective is to provide a high level of total return with an emphasis on making quarterly cash distributions to its shareholders.
The fund focuses on investing in companies operating in the energy sector, particularly MLPs. MLPs are publicly traded partnerships that are engaged in the transportation, storage, processing, and production of energy commodities, such as oil, natural gas, and refined products.
Financial Performance
Based on the latest financial data, Kayne Anderson Energy Infrastructure Fund, Inc. has a market capitalization of $1.68 billion. The fund's previous close was $9.83, and its current price is $9.91. The fund has a trailing price-to-earnings (P/E) ratio of 13.96 and a forward P/E ratio of 3.44. Its trailing dividend yield is 8.65%, and its five-year average dividend yield is 11.63%.
The fund has a strong balance sheet, with a book value of $10.51 per share. It has a payout ratio of 116.9%, indicating that it pays out more in dividends than it earns in profits. However, the fund has a solid track record of dividend growth, with a 10-year dividend growth rate of 12.5%.
Stock Performance
Over the past year, Kayne Anderson Energy Infrastructure Fund, Inc. has performed well, with a 52-week change of 17.16%. In comparison, the S&P 500 index has had a 52-week change of 29.19%. The fund's stock has a beta of 1.59, which means it is more volatile than the overall market.
The fund's stock has a 50-day moving average of $9.05 and a 200-day moving average of $8.61. Its 52-week low is $7.84, and its 52-week high is $9.93. The fund has a price-to-sales ratio of 24.1, indicating that it is trading at a premium compared to its revenue.
Analyst Recommendations
Currently, there are no analyst recommendations for Kayne Anderson Energy Infrastructure Fund, Inc. This may indicate that analysts have not recently provided updates or that there is not enough data available to make a recommendation.
Dividends and Shareholder Returns
Kayne Anderson Energy Infrastructure Fund, Inc. has a dividend rate of $0.88 per share, with a dividend yield of 8.95%. The fund has a dividend payout ratio of 116.9%, which indicates that it pays out more in dividends than it earns in profits.
Over the past 10 years, the fund has consistently increased its dividend payouts, with an average annual dividend growth rate of 12.5%. The fund's dividend history shows that it pays dividends on a quarterly basis.
Conclusion
Kayne Anderson Energy Infrastructure Fund, Inc. is a closed-ended equity mutual fund that primarily invests in energy-related MLPs in the United States. The fund has a strong focus on the energy sector and aims to provide a high level of total return to its shareholders.
Despite a relatively high payout ratio, the fund has a solid track record of dividend growth. Its stock has performed well over the past year, although it is more volatile than the overall market.
Currently, there are no analyst recommendations for the fund. However, investors should consider the fund's dividend yield and payout ratio when evaluating its potential as an income investment.
