KREF Dividend History & Analysis | 11% Yield

KREF has a dividend yield of 11% and paid 1 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 10.98%
Payout Ratio 5.6%
Growth Rate CAGR 5y -15.76%
Consistency Lifetime 92.7%
Yield on Cost 5y 9.48%
Payout FCF 123.4%
Streak Years 9
Dividend Rating 24.08%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: -28.2%
Total Return 5y: -30.6%

Top Dividend Payers in Mortgage REITs

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
DX 2,796 M 15.6% 20.2%
MFA 990 M 15.1% 17.2%
AGNC 12,671 M 14.7% 17.2%
NLY 16,267 M 13.8% 15.7%
PMT 1,029 M 13.1% 15.7%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
MFA 990 M 39.1% 86.6%
NLY 16,267 M 33.6% 88.5%
IVR 617 M 40.9% 84.4%
ARR 1,959 M 24.5% 81.7%
TWO 1,251 M 24.4% 85.8%

Quality Dividend Peers in Mortgage REITs

NLY
Annaly Capital
 13.76% Yield

KREF Dividend History: Last 36 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
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%
2021-06-29 2021-06-30 2021-07-15 Quarterly 0.43 61.7% 1.96%
2021-05-27 0.266 -38.1% 1.26%
2021-03-30 2021-03-31 2021-04-15 Quarterly 0.43 0% 2.33%
2020-12-30 2020-12-31 2021-01-15 Quarterly 0.43 0% N/A
2020-09-29 2020-09-30 2020-10-15 Quarterly 0.43 0% N/A
2020-06-29 2020-06-30 2020-07-15 Quarterly 0.43 0% N/A
2020-03-30 2020-03-31 2020-04-15 Quarterly 0.43 0% N/A
2019-12-30 2019-12-31 2020-01-15 Quarterly 0.43 0% N/A
2019-09-27 2019-09-30 2019-10-16 Quarterly 0.43 0% N/A
2019-06-27 2019-06-28 2019-07-15 Quarterly 0.43 0% N/A
2019-03-28 2019-03-29 2019-04-12 Quarterly 0.43 0% N/A
2018-12-27 2018-12-28 2019-01-11 Quarterly 0.43 0% N/A
2018-09-27 2018-09-28 2018-10-12 Quarterly 0.43 0% N/A
2018-06-28 2018-06-29 2018-07-13 Quarterly 0.43 7.5% N/A
2018-03-28 2018-03-29 2018-04-13 Quarterly 0.4 8.1% N/A
2017-12-28 2017-12-29 2018-01-12 Quarterly 0.37 0% N/A
2017-09-28 2017-09-30 2017-10-12 Quarterly 0.37 48% N/A
2017-06-28 2017-06-30 2017-07-14 Other 0.25 0% N/A

KREF Dividend FAQ

KRR Real Estate Finance Trust Inc. (KREF) is a U.S. mortgage REIT that originates and purchases senior transitional loans secured by commercial real-estate assets. It invests in both leveraged and unleveraged CRE loans, and, by electing REIT tax status, it avoids federal corporate income tax provided it distributes at least 90 % of taxable earnings to shareholders. The company was incorporated in 2014 and is based in New York.

What is the Dividend Yield of KREF?

As of February 2026, KREF`s dividend yield is 10.98%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.00 USD by the current share price of 7.32.

Does KREF pay a dividend?

As of February 2026, KREF paid a dividend of 1.00 USD in the last 12 months. The last dividend was paid on 2025-12-31 and the payout was 0.25 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 2025-12-31.

KREF dividend forecast

Based on historical data, the forecasted dividends per share for KREF for the next 4 payments are between 0.242 (-3.2%) and 0.29 (+16.0%).
This indicates a solid dividend increase compared to the last payment.

Will KREF pay dividends in 2026?

The latest dividend paid per share was 0.25 USD with an Ex-Dividend Date of 2025-12-31. 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 -15.8% 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 9.48%. If you bought KREF's shares at 10.55 USD five years ago, your current annual dividend income (1.00 USD per share, trailing 12 months) equals 9.48% of your original purchase price.

What is the Payout Consistency of KREF?

KREF Payout Consistency is 92.7%. 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 10.98% 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 5.6%. Very low - Often a strong indicator of potential dividend growth.

What is the Dividend Rating of KREF?

KREF`s Overall Dividend Rating is 24.08%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

KREF Outstanding Shares Analysis

What is the Trend in KREF's Outstanding Shares?

KKR Real Estate Finance's outstanding shares have decreased by approximately 2.56% annually over the past 3 years (Trend Reliability: -33.3%).

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
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 65,876,700 -5.07%

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: 2026-02-05 02:39