News Column

Asset sales boost KKR payouts

July 25, 2014

Asset sales boost KKR payouts ? Private equity firm KKR said yesterday that its second-quarter earnings more than tripled year-on-year as a string of lucrative asset sales led to its highest dividend on record. Like its alternative asset manager peers, KKR has taken advantage of the rally in equity and debt markets to sell some of its companies at high valuations. In April, it also acquired a speciality finance company it previously managed after agreeing to pay out that company's income as dividends.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: City A.M. (UK)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters