In trading on Friday, KKR & Co. Inc.’s 6.25% Series D Mandatory Convertible Preferred Stock (Symbol: KKR.PRD) yielded over 6.5% based on its quarterly dividend of $3.1248, with shares trading as low as $46.63. This yield is below the average of 6.87% in the Financial preferred stock category. Additionally, KKR.PRD was trading at a 3.54% discount to its liquidation preference, compared to the category average discount of 14.07%. The shares are convertible, with a conversion ratio between 0.3312 and 0.4140.
On the same day, KKR.PRD shares were down approximately 1.5%, while KKR common shares (Symbol: KKR) decreased by about 1.6%.
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