The distribution is payable on August 23rd to shareholders of record as of August 9th. Our net income for the second quarter was $71 million or $0.39 per diluted common share, reflecting a 16% return on equity. Our book value per share as of June 30th was $9.79, effectively flat from $9.81 at March 31st.Looking at run rate cash earnings, we generated $0.32 per common share in second quarter, up from $0.26 in the first quarter. This implies a 13% cash ROE for the quarter. If you normalize for semi-annual coupon payment son our convertible notes, which reduce our first and third quarter cash earnings, we generated $0.30 per common share in Q2 compared to $0.29 per common share in Q1.
KKR Financial Corporation's CEO Discusses Second Quarter Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.