Private equity firm KKR & Co LP said on Thursday that its second-quarter earnings more than tripled year-on-year, exceeding most analysts' expectations, 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 specialty finance company it previously managed after agreeing to pay out that company's income as dividends.KKR said post-tax economic net income (ENI) per adjusted unit was 62 cents in the second quarter, up from 18 cents a year ago and higher than the 50 cents average forecast by analysts in a Thomson Reuters poll.KKR's dividend was 67 cents per unit, up from 42 cents a year ago. About a third of that came from its $5.8 billion sale of South Korea's Oriental Brewery Co Ltd to Anheuser-Busch InBev NV, the world's biggest brewer.
Anheuser-Busch InBev SA, formerly Anheuser-Busch InBev SA/NV, is a brewing company. Shares of BUD traded higher by 0.03% or $0.03/share to $112.85. In the past year, the shares have traded as low as $87.83 and as high as $116.65. On average, 1087520 shares of BUD exchange hands on a given day and today's volume is recorded at 510374.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.38% or $0.14/share to $36.94. In the past year, the shares have traded as low as $32.87 and as high as $38.73. On average, 758827 shares of TRI exchange hands on a given day and today's volume is recorded at 968045.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.38% or $0.15/share to $39.62. In the past year, the shares have traded as low as $34.52 and as high as $42.10. On average, 587079 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 349841.
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