Cash Dividend On The Way From KKR Financial Holding Series A Preferred Shares

On 10/4/13, KKR Financial Holding LLC's 7.375% Series A LLC Preferred Shares (NYSE: KFN.PR) will trade ex-dividend, for its quarterly dividend of $0.4609, payable on 10/15/13. As a percentage of KFN.PR's recent share price of $24.89, this dividend works out to approximately 1.85%, so look for shares of KFN.PR to trade 1.85% lower -- all else being equal -- when KFN.PR shares open for trading on 10/4/13. On an annualized basis, the current yield is approximately 7.41%, which compares to an averag...