In a remarkable display of resilience and growth, Kayne Anderson MLP Investment Co. (KYN) stock has soared to a 52-week high, reaching a price level of $13.6. With a market capitalization of $2.28 billion and an attractive P/E ratio of 3.98, this peak reflects a significant uptrend for the investment company, which specializes in master limited partnerships (MLPs). According to InvestingPro data, the stock has demonstrated strong momentum across multiple timeframes. Over the past year, KYN has witnessed an impressive 77.79% total return, outpacing many of its peers and signaling strong investor confidence in its business model and market position. The company maintains an attractive 7.11% dividend yield and has consistently paid dividends for 18 consecutive years. The company's performance is particularly noteworthy in the context of the broader market's fluctuations, underscoring KYN's potential as a standout investment in its sector. Discover 11 more valuable insights about KYN with InvestingPro.
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