On 12/26/12, KCAP Financial Incorporated (KCAP) will trade ex-dividend, for its quarterly dividend of $0.28, payable on 1/28/13. As a percentage of KCAP's recent stock price of $9.55, this dividend works out to approximately 2.93%, so look for shares of KCAP Financial Incorporated to trade 2.93% lower all else being equal when KCAP shares open for trading on 12/26/12.