On 1/6/14, KKR Financial Holding LLC's 7.375% Series A LLC Preferred Shares (KFN.PR) will trade ex-dividend, for its quarterly dividend of $0.4609, payable on 1/15/14. As a percentage of KFN.PR's recent share price of $24.16, this dividend works out to approximately 1.91%, so look for shares of KFN.PR to trade 1.91% lower — all else being equal — when KFN.PR shares open for trading on 1/6/14. On an annualized basis, the current yield is approximately 7.65%, which compares to an average yield of 5.98% in the "Financial" preferred stock category, according to Preferred Stock Channel.
As of last close, KFN.PR was trading at a 3.60% discount to its liquidation preference amount. The chart below shows the one year performance of KFN.PR shares, versus KFN:
Below is a dividend history chart for KFN.PR, showing historical dividends prior to the most recent $0.4609 on KKR Financial Holding LLC's 7.375% Series A LLC Preferred Shares :
According to the ETF Finder at ETF Channel, KKR Financial Holding LLC (KFN) makes up 1.02% of the Guggenheim Insider Sentiment ETF (NFO) which is trading lower by about 1.2% on the day Thursday.