Volatility in financials and general markets todaySo back down goes the NAV for BK, and every split fund i watch.....
Saving grace for BK, is that it will continue to pay even if we enter a seriously big correction.
Despite where the commons are trading for BK today, the next pyout to commons will be about 18.89 cents per share in MAY....
I would imagine it will drop back a bit from that level, depending on the average stock price on the last 3 days of April. At $14.25 average price the distribution would drop from 18.89 pennies to about 17.8 cents per share distribution for the June dist.