Kohlberg, Kravis Roberts & Co said it is buying back its own stock for the first time and overhauling how it distributes profits to shareholders, to revive the private equity firm’s flagging shares.

The New York firm said it would stop paying out quarterly dividends that rise and fall with its cash profits and instead pay a fixed dividend. KKR executives said the firm will use excess profits to repurchase its shares, invest in deals alongside its buyout funds and acquire new business lines.