On Friday, KKR & Co. Inc.’s 6.25% Series D Mandatory Convertible Preferred Stock (ticker: KKR.PRD) traded at a yield above 6.5%, with a quarterly dividend annualized to $3.1248 and a low of $46.63 per share. The yield exceeds the 6.87% average for Financial preferred shares, as reported by Preferred Stock Channel. At the prior close, the stock was priced 3.54% below its liquidation preference amount, compared with a 14.07% average discount in the Financial category. The preferred shares are convertible, with a conversion ratio ranging from 0.3312 to 0.4140.
The chart below illustrates the one‑year performance of KKR.PRD shares relative to KKR:
The following chart displays KKR.PRD’s dividend payment history for KKR & Co. Inc.’s 6.25% Series D Mandatory Convertible Preferred Stock:
During Friday trading, KKR.PRD declined approximately 1.5%, while KKR common stock fell about 1.6%.
