NEW YORK ( TheStreet) -- The ex-dividend date for KKR Financial Corporation (NYSE: KFN) is tomorrow, May 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $9.18 as of 9:59 a.m. ET, the dividend yield is 7.9%. The average volume for KKR Financial has been 686,900 shares per day over the past 30 days. KKR Financial has a market cap of $1.64 billion and is part of the financial sector and real estate industry. Shares are up 5.6% year to date as of the close of trading on Wednesday. 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 5.2 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates KKR Financial as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, feeble growth in the company's earnings per share and deteriorating net income. You can view the full KKR Financial Ratings Report. See our dividend calendar or top-yielding stocks list.