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KKR Real Estate Finance Trust stock: dividend

KREF
$5.36Closing price of 12 Nov 2026MEQIRI Score 32 out of 100

KKR Real Estate Finance Trust paid $0.40 per share over the last twelve months, 7.46% on the price.

Daily figure as of 13 Nov 2026

Dividend yield over the last 12 months
7.46%
$0.40 per share over 12 months
Dividend per share 2025
$1.32
paid in fiscal 2025
132%
more than free cash flow, the rest comes from reserves
$1.00
does not cover the dividend of $1.32
Raised in a row
0 years
Years with a higher annual dividend than the year before
Growth 5 years
−27.4%
per year, from the last twelve months, without special dividends
Growth 10 years
no data
per year, from the last twelve months, without special dividends

The amounts for the last 12 months and paid in fiscal 2025 differ if the company has raised or cut its dividend since then.

For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings. The ratio above is therefore based on free cash flow.

Dividend dates and payments

Anyone holding the stock on the day before the ex-dividend date receives the dividend. Amounts are per share, before tax.

Last ex-dividend date
30 Sep 2026
$0.10, paid 15 Oct 2026
Next ex-dividend date
not announced yet
Frequency
quarterly

Last cut: with the ex-dividend date 30 Jun 2026, the payment fell from $0.25 to $0.10 per share.

All 20 payments of the last five years
Ex-dividend datePayment dateDividend per share
30 Sep 202615 Oct 2026$0.10
30 Jun 202615 Jul 2026$0.10
31 Mar 202615 Apr 2026$0.25
31 Dec 202515 Jan 2026$0.25
30 Sep 202515 Oct 2025$0.25
30 Jun 202515 Jul 2025$0.25
31 Mar 202515 Apr 2025$0.25
31 Dec 202415 Jan 2025$0.25
30 Sep 202415 Oct 2024$0.25
28 Jun 202415 Jul 2024$0.25
27 Mar 202415 Apr 2024$0.25
28 Dec 202312 Jan 2024$0.43
28 Sep 202313 Oct 2023$0.43
29 Jun 202314 Jul 2023$0.43
30 Mar 202314 Apr 2023$0.43
29 Dec 202213 Jan 2023$0.43
29 Sep 202214 Oct 2022$0.43
29 Jun 202215 Jul 2022$0.43
30 Mar 202215 Apr 2022$0.43
30 Dec 202114 Jan 2022$0.43

Is today's dividend yield unusually high?

Dividend yield today

7.46%

lower than in recent years

$0.40 dividend per share over the last twelve months on a price of $5.36

Today 7.46%, on average over fiscal years 2017 to 2025 9.68% (range 5.59 to 16.05%).

The yield is below the average of recent fiscal years.

Since the end of fiscal 2025 on 31 Dec 2025, the dividend has fallen more than the price, so the yield has fallen.

  • Fiscal year
  • Today, last 12 months

For each fiscal year, the dividend per share for that year divided by the closing price on the last trading day of the fiscal year. The dashed line is the average (median) of the fiscal years.

Dividend development

Dividend per share

Payout ratio

  • of earnings
  • of free cash flow
Figures as a table
YearDividend per shareEarnings per shareFFO per share
2015$0.14$0.32no data
2016$0.42$0.60no data
2017$1.12$1.30no data
2018$1.62$1.63$1.78
2019$1.73$1.58no data
2020$1.73$0.96no data
2021$1.84$2.22no data
2022$2.03$0.23no data
2023$2.03−$0.78no data
2024$1.49$0.19no data
2025$1.32−$1.05no data

Data status and sources

Score
Daily value of 13 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Weak, published since 7 Nov 2026 (in the score history since 28 Mar 2025)
  • Valuation signal Fairly valued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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