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NEW YORK ( TheStreet) -- The ex-dividend date for KKR Financial Corporation (NYSE: KFN) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $9.36 as of 9:30 a.m. ET, the dividend yield is 7.8%. The average volume for KKR Financial has been 660,500 shares per day over the past 30 days. KKR Financial has a market cap of $1.6 billion and is part of the financial sector and real estate industry. Shares are up 6.9% year to date as of the close of trading on Friday. KKR Financial Holdings LLC, together with its subsidiaries, operates as a specialty finance company with expertise in a range of asset classes. The company has a P/E ratio of 5.3, above the average real estate industry P/E ratio of five and below the S&P 500 P/E ratio of 17.7.