On 4/4/14, 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 4/15/14. As a percentage of KFN.PR's recent share price of $25.63, this dividend works out to approximately 1.80%, so look for shares of KFN.PR to trade 1.80% lower — all else being equal — when KFN.PR shares open for trading on 4/4/14. On an annualized basis, the current yield is approximately 7.18%, which compares to an average yield of 5.66% in the "Financial" preferred stock category, according to Preferred Stock Channel.
As of last close, KFN.PR was trading at a 2.68% premium 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 :