KKR Credit Income Fund's Dividend Distribution Announcement - 22 November 2024
KKR CREDIT INCOME FUND (KKC) Share Update November 2024 Friday 22nd
KKR Credit Income Fund Announces New Dividend Distribution
KKR Credit Income Fund (ASX: KKC) has announced a new dividend distribution, providing investors with an update on their returns for the month of November 2024.
Instant Summary:
- Dividend distribution of AUD 0.0167 per unit.
- Ex-dividend date set for 28 November 2024.
- Record date confirmed as 29 November 2024.
- Payment date scheduled for 13 December 2024.
- Distribution consists entirely of foreign income.
Dividend Details
KKR Credit Income Fund has declared a dividend distribution of AUD 0.0167 per ordinary unit, which is set to be paid on 13 December 2024. This announcement comes as part of their monthly distribution schedule, providing investors with a consistent return on their investment.
The ex-dividend date, when the stock starts trading without the dividend value, is set for 28 November 2024, while the record date, which determines the shareholders eligible to receive the dividend, is 29 November 2024. Investors must hold their shares before the ex-dividend date to qualify for the dividend.
Financial Composition
The entire distribution is classified as foreign income, with no portion allocated to the return of capital. This means that the dividend is not subject to franking credits, and investors should consider the tax implications of receiving foreign income.
According to the announcement, the distribution is estimated at this time, with the final amount to be confirmed on 5 December 2024. This provides a clear timeline for investors to plan their financial strategies around the dividend payment.
The announcement of a consistent dividend distribution from KKR Credit Income Fund is likely to be viewed positively by investors seeking steady income. However, the lack of franking credits and the classification as foreign income may require investors to assess potential tax liabilities. Overall, this announcement may provide stability to the stock price, reflecting the fund's ongoing commitment to shareholder returns.
Investor Reaction:
Analysts may view this announcement as a positive indicator of KKR Credit Income Fund's performance and its ability to generate income for investors. The consistency of the dividend distribution is likely to be appreciated by income-focused investors, although the tax implications of foreign income could be a consideration for some.
Conclusion:
Investors should take note of the key dates related to the dividend distribution and consider the tax implications of receiving foreign income. As KKR Credit Income Fund continues to provide regular distributions, investors are encouraged to monitor their portfolios and assess how these payments align with their financial goals.