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| KKR Series C Mandatory Convertible Preferred Stock due 09/15/2023 About To Put More Money In Your PocketBy Preferred Stock Channel Staff, Tuesday, May 30, 1:34 PM ET
On 5/31/23, KKR & CO Inc's 6.00% Ser C Mandatory Convertible Preferred Stock due 09/15/2023 (KKR.PRC) will trade ex-dividend, for its quarterly dividend of $0.75, payable on 6/15/23. As a percentage of KKR.PRC's recent share price of $61.96, this dividend works out to approximately 1.21%, so look for shares of KKR.PRC to trade 1.21% lower — all else being equal — when KKR.PRC shares open for trading on 5/31/23. On an annualized basis, the current yield is approximately 4.83%, which compares to an average yield of 7.06% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, KKR.PRC was trading at a 24.22% premium to its liquidation preference amount. It should be noted that the preferred shares are convertible, with a conversion ratio of 1.1662 - 1.4285. The chart below shows the one year performance of KKR.PRC shares, versus KKR:
Below is a dividend history chart for KKR.PRC, showing historical dividends prior to the most recent $0.75 on KKR & CO Inc's 6.00% Ser C Mandatory Convertible Preferred Stock due 09/15/2023: Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
In Tuesday trading, KKR & CO Inc's 6.00% Ser C Mandatory Convertible Preferred Stock due 09/15/2023 (KKR.PRC) is currently down about 0.2% on the day, while the common shares (NYSE:KKR) are down about 0.5%.
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