KREF Dividend History & Analysis | 11.3% Yield

KREF has a dividend yield of 11.3% and paid 0.85 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 11.33%
Payout Ratio 9.4%
Growth Rate CAGR 5y -18.2%
Consistency Lifetime 90.9%
Yield on Cost 5y 6.8%
Payout FCF 139.8%
Streak Years 1
Dividend Rating 17.1%
Chowder Number yield + growth -6.9% below 12% target for healthy growth
Yield vs Average 5y +11% avg 10.21% vs now 11.33%
Debt / EBITDA leverage 24.6x elevated
Income per 10k invested 1,133 USD per year
Dividends Cash Amount per Share Yearly KREF annual dividends paid per share, showing the total cash KKR Real Estate Finance distributed to shareholders each year.
Dividend Growth Year over Year KREF year-over-year dividend growth rate, showing how KKR Real Estate Finance's dividend per share increased or decreased each year compared to the prior year.
Price and Yield per Payout History KREF dividend yield history versus share price over the past 5 years, showing how KKR Real Estate Finance's payout yield moved at each dividend payment relative to its stock price.
┅┅ Payout Yield (right) Price (left)

Top Dividend Payers in Mortgage REITs

Top 9 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
ARI NYSE
Apollo Commercial Real
1,347 M 42.86% 77.38%
DX NYSE
Dynex Capital
2,834 M 15.63% 20.87%
MFA NYSE
MFA Financial
946 M 15.44% 15.22%
AGNC NASDAQ
AGNC Investment
12,822 M 13.87% 16.97%
NLY NYSE
Annaly Capital Management
16,839 M 13.33% 15.68%
EFC NYSE
Ellington Financial
1,690 M 11.90% 15.91%
TRTX NYSE
TPG RE Finance Trust
651 M 11.46% 12.66%
STWD NYSE
Starwood Property Trust
6,257 M 10.85% 11.79%
LADR NYSE
Ladder Capital
1,238 M 8.82% 12.19%
Top 3 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
DX NYSE
Dynex Capital
2,834 M 7.60% 98.0%
LADR NYSE
Ladder Capital
1,238 M 1.77% 98.3%
ARI NYSE
Apollo Commercial Real
1,347 M 0.80% 92.6%

KREF Dividend History

Dividend Monthly Return EX date, 4.8 years of data

Jan - -
Feb - -
Mar 2.98% 100
Apr - -
May - -
Jun 2.62% 100
Jul - -
Aug - -
Sep 2.61% 100
Oct - -
Nov - -
Dec 2.78% 100

Average monthly dividend return by ex-dividend date. The score below shows reliability based on how consistently dividends were paid in that month.

Last 20 Payments (USD) as of July 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-06-30 2026-06-30 2026-07-15 Quarterly 0.1 -60% 1.44%
2026-03-31 2026-03-31 2026-04-15 Quarterly 0.25 0% 4.06%
2025-12-31 2025-12-31 2026-01-15 Quarterly 0.25 0% 3.04%
2025-09-30 2025-09-30 2025-10-15 Quarterly 0.25 0% 2.79%
2025-06-30 2025-06-30 2025-07-15 Quarterly 0.25 0% 2.82%
2025-03-31 2025-03-31 2025-04-15 Quarterly 0.25 0% 2.36%
2024-12-31 2024-12-31 2025-01-15 Quarterly 0.25 0% 2.5%
2024-09-30 2024-09-30 2024-10-15 Quarterly 0.25 0% 2.04%
2024-06-28 2024-06-28 2024-07-15 Quarterly 0.25 0% 2.77%
2024-03-27 2024-03-28 2024-04-15 Quarterly 0.25 -41.9% 2.53%
2023-12-28 2023-12-29 2024-01-12 Quarterly 0.43 0% 3.19%
2023-09-28 2023-09-29 2023-10-13 Quarterly 0.43 0% 3.64%
2023-06-29 2023-06-30 2023-07-14 Quarterly 0.43 0% 3.59%
2023-03-30 2023-03-31 2023-04-14 Quarterly 0.43 0% 3.89%
2022-12-29 2022-12-30 2023-01-13 Quarterly 0.43 0% 3.12%
2022-09-29 2022-09-30 2022-10-14 Quarterly 0.43 0% 2.53%
2022-06-29 2022-06-30 2022-07-15 Quarterly 0.43 0% 2.46%
2022-03-30 2022-03-31 2022-04-15 Quarterly 0.43 0% 2.08%
2021-12-30 2021-12-31 2022-01-14 Quarterly 0.43 0% 2.06%
2021-09-29 2021-09-30 2021-10-15 Quarterly 0.43 0% 2.02%

KREF Dividend FAQ

What is the Dividend Yield of KREF?

As of July 2026, KREF's dividend yield is 11.33%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.85 USD by the current share price of 7.36.

Does KREF pay a dividend?

As of July 2026, KREF paid a dividend of 0.85 USD in the last 12 months. The last dividend was paid on 2026-06-30 and the payout was 0.1 USD.

How often does KREF pay dividends?

KREF pays dividends quarterly. Over the last 12 months, KREF has issued 4 dividend payments. The last dividend payment was made on 2026-06-30.

KREF dividend forecast

Based on historical data, the forecasted dividends per share for KREF for the next payments are between 0.137 (+37.0%) and 0.174 (+74.0%). This represents a strong dividend growth compared to the last payment. The expected Yield for the next 12 months is about 8.86%.

Will KREF pay dividends in 2026?

The latest dividend paid per share was 0.1 USD with an Ex-Dividend Date of 2026-06-30. The next Ex-Dividend date for KKR Real Estate Finance (KREF) is currently unknown.

What is the next Ex-Dividend Date for KREF?

The next Ex-Dividend date for KKR Real Estate Finance (KREF) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of KREF?

KREF's average dividend growth rate over the past 5 years is -18.2% per year. Negative growth: KREF's dividend growth is negative and declining.

What is the Yield on Cost of KREF?

KREF's 5-Year Yield on Cost is 6.82%. If you bought KREF's shares at 12.46 USD five years ago, your current annual dividend income (0.85 USD per share, trailing 12 months) equals 6.82% of your original purchase price.

What is the Payout Consistency of KREF?

KREF Payout Consistency is 90.9%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: KKR Real Estate Finance has a strong track record of consistent dividend payments over its lifetime.

Does KREF have a good Dividend Yield?

KREF's 11.33% Dividend Yield is considered as very high. This is usually only sustainable for REITs, Asset Managements, MLPs or Covered Call ETFs.

What is the Dividend Payout Ratio of KREF?

The Dividend Payout Ratio of KREF is 9.4%. Very low - Often a strong indicator of potential dividend growth.

What is the Dividend Rating of KREF?

KREF's Overall Dividend Rating is 17.06%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

KREF Outstanding Shares Analysis

The Chart shows the outstanding shares over time per year.
What is the Trend in KREF's Outstanding Shares?

KKR Real Estate Finance's outstanding shares have decreased by approximately 3.08% annually over the past 3 years (Trend Reliability: -64.4%). Shareholder-friendly: The company is actively buying back shares, reducing the share count. This increases earnings per share and often leads to higher dividends per share over time, as profits are distributed among fewer shareholders.

Has KREF ever had a Stock Split?

No stock splits on record. The share count changes shown above reflect buybacks, new issuance, or employee compensation rather than structural splits.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
2015 13,057,100 0%
2016 52,174,300 +299.59%
2017 53,688,000 +2.9%
2018 58,253,800 +8.5%
2019 57,595,400 -1.13%
2020 55,669,200 -3.34%
2021 59,453,300 +6.8%
2022 69,109,800 +16.24%
2023 69,384,300 +0.4%
2024 69,396,900 +0.02%
2025 65,442,600 -5.7%
2026 64,673,100 -1.18%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-07-06 02:06 UTC