Key Developments: Kayne Anderson Energy Development Co (KED)

KED on New York Consolidated

35.91USD
30 Oct 2014
Price Change (% chg)

$0.06 (+0.17%)
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Latest Key Developments (Source: Significant Developments)

Kayne Anderson Energy Development Company increases its quarterly distribution
Thursday, 26 Jun 2014 04:22pm EDT 

Kayne Anderson Energy Development Company:Says quarterly distribution of $0.515 per share for quarter ended May 31, 2014.Distribution represents increase of one pct over prior quarterly distribution and increase of 17 pct over the same period last year.Distribution will be payable on July 18, 2014 to common stockholders of record on July 11, 2014, with an ex-dividend date of July 9, 2014.  Full Article

Kayne Anderson Energy Development Company quarterly distribution
Thursday, 27 Mar 2014 08:00pm EDT 

Kayne Anderson Energy Development Company:Quarterly distribution of $0.51 per share for quarter ended Feb. 28.Distribution will be payable on April 25 to common stockholders of record on April 17, with ex-dividend date of April 15.  Full Article

Kayne Anderson Energy Development Co increases size of revolving credit facility to $120 million
Wednesday, 29 Jan 2014 07:56pm EST 

Kayne Anderson Energy Development Co:Says it renewed its secured revolving credit facility and increased the total commitment amount from $95 million to $120 million by adding three new lenders to the syndicate.Says the new Credit Facility has a three year commitment, maturing on Jan. 28, 2017 and outstanding loan balances accrue interest daily at a rate equal to LIBOR plus 1.60 pct (previously LIBOR plus 2.00 pct), based on the current borrowings and the current borrowing base.Says if borrowings exceed the borrowing base attributable to "quoted" securities, the interest rate will increase to LIBOR plus 3.00 pct.  Full Article

Kayne Anderson Energy Development Co declares dividend
Tuesday, 21 Jan 2014 09:07am EST 

Kayne Anderson Energy Development Co:Declares quarterly distribution of $0.50 per share for the quarter ended Nov. 30, 2013.Says distribution represents an increase of 9.9% over the prior quarterly distribution and an increase of 16.3% over the same period last year.  Full Article

Kayne Anderson Energy Development Co Increases Quarterly Distribution to $0.455 per Share for Q3 2013
Thursday, 26 Sep 2013 08:14pm EDT 

Kayne Anderson Energy Development Co announced a quarterly distribution of $0.455 per share for the quarter ended August 31, 2013. This represents an increase of 3.4% from the prior quarter's distribution of $0.44 per share and an increase of 5.8% from the distribution for the quarter ended August 31, 2012. The distribution will be payable on October 18, 2013 to common stockholders of record on October 11, 2013, with an ex-dividend date of October 9, 2013.  Full Article

Kayne Anderson Energy Development Co Increases Quarterly Distribution To $0.44 Per Share For Q2 2013
Thursday, 27 Jun 2013 07:06pm EDT 

Kayne Anderson Energy Development Co announced its quarterly distribution of $0.44 per share for the quarter ended May 31, 2013. This represents an increase of 1.1% from the prior quarter`s distribution of $0.435 per share and an increase of 7.3% from the distribution for the quarter ended May 31, 2012. The distribution will be payable on July 19, 2013 to common stockholders of record on July 12, 2013, with an ex-dividend date of July 10, 2013.  Full Article

Kayne Anderson Energy Development Co Issues Q2 2013 Earnings Guidance
Wednesday, 1 May 2013 07:24pm EDT 

Kayne Anderson Energy Development Co announced that based on the foregoing assumptions, it expects to generate net distributable income (NDI) per share of $0.435 to $0.445 in the second quarter of 2013.  Full Article

Kayne Anderson Energy Development Co Increases Quarterly Distribution
Thursday, 28 Mar 2013 05:03pm EDT 

Kayne Anderson Energy Development Co announced quarterly distribution of $0.435 per share for the quarter ended February 28, 2013. This represents an increase of 11.5% from the distribution for the quarter ended February 29, 2012. The distribution will be payable on April 26, 2013 to common stockholders of record on April 19, 2013, with an ex-dividend date of April 17, 2013.  Full Article

Kayne Anderson Energy Development Co Increases Size of Revolving Credit Facility to $95 Million
Tuesday, 12 Mar 2013 11:34pm EDT 

Kayne Anderson Energy Development Co announced that it amended its secured revolving credit facility (the Credit Facility) to increase the total commitment amount from $85 million to $95 million. This $10 million increase in commitment amount was accomplished by adding a new lender to the syndicate. All other terms of the Credit Facility remain the same. The maturity date is March 30, 2014, and outstanding loan balances accrue interest daily at a rate equal to LIBOR plus 2.00%, based on the current borrowings and the current borrowing base. If borrowings exceed the borrowing base attributable to “quoted” securities (generally defined as equity investments in public MLPs and investments in bank debt and high yield bonds which are traded), the interest rate will increase to LIBOR plus 3.00%. The Company pays a fee of 0.50% on any unused amounts of the Credit Facility.  Full Article

Kayne Anderson Energy Development Co Issues Q1 2013 Earnings Guidance
Thursday, 31 Jan 2013 07:11pm EST 

Kayne Anderson Energy Development Co announced that for first quarter of 2013, based on the foregoing assumptions it expects net distributable income (NDI) per share of $0.435 to $0.445.  Full Article

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