KKR Income Opportunities Fund
KIOFinancial Services · Stock · monthly payer
Forward Yield
13.08%
Annual Dividend
$1.46
Payout Ratio
149%
5-Yr Growth
0.1%
Ex-Date
Aug 14, 2026
Frequency
Monthly
Summary
As of July 2026, KKR Income Opportunities Fund (KIO) yields 13.08% ($1.46 per share annually), with a blended fair-value estimate of $12.45 — +12% upside, so it screens as fairly valued. Dividend safety grade: C (55/100).
Is KIO a good dividend stock?
MixedKKR Income Opportunities Fund (KIO) pays a monthly dividend yielding 13.08% ($1.46/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2021
- Elevated payout ratio (149%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 13.08%
- Payout Ratio
- 149%
- Annual Dividend
- $1.46
- 5-Yr Avg Growth
- 0.1%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $459.0M
- P/E Ratio
- 11.4
- 5-Yr Total Return
- -33%
- 52-Week Range
- $10.65 – $12.83
- Dividend Safety
- C · 55/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
KIO Price — Last 12 Months
Daily close
Price Return
1 Year
-11%
3 Years
-10%
5 Years
-33%
52-Week Range
$10.65 – $12.83
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is KIO worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for KKR Income Opportunities Fund is $12.45 per share, versus a market price of $11.15. That implies the stock is roughly fairly priced.
Fair Value
$12.45
Current Price
$11.15
Gap
+12%
Margin of Safety
10%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.98 EPS, $1.46 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
KIO Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 10, 2026 | — | $0.1220 | regular |
| Jun 12, 2026 | — | $0.1220 | regular |
| May 8, 2026 | — | $0.1220 | regular |
| Apr 10, 2026 | — | $0.1220 | regular |
| Mar 13, 2026 | — | $0.1220 | regular |
| Feb 13, 2026 | — | $0.1220 | regular |
| Jan 16, 2026 | — | $0.1220 | regular |
| Dec 12, 2025 | — | $0.1220 | regular |
| Nov 14, 2025 | — | $0.1220 | regular |
| Oct 10, 2025 | — | $0.1220 | regular |
| Sep 12, 2025 | — | $0.1220 | regular |
| Aug 8, 2025 | — | $0.1220 | regular |
| Jul 11, 2025 | — | $0.1220 | regular |
| Jun 13, 2025 | — | $0.1220 | regular |
Income Calculator
At $1.46 / yr per share
