Kennedy-Wilson Holdings Inc to Issue Quarterly Dividend of $0.19 (KW)

Kennedy-Wilson Holdings Inc (NYSE:KW) declared a quarterly dividend on Friday, February 23rd, Wall Street Journal reports. Investors of record on Thursday, March 29th will be paid a dividend of 0.19 per share by the financial services provider on Thursday, April 5th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Wednesday, March 28th.

Kennedy-Wilson has raised its dividend by an average of 24.1% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Kennedy-Wilson has a payout ratio of 217.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Kennedy-Wilson (KW) opened at $16.90 on Friday. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 2.35. Kennedy-Wilson has a one year low of $15.95 and a one year high of $22.65. The firm has a market capitalization of $2,566.98, a P/E ratio of 24.49 and a beta of 1.32.

In other Kennedy-Wilson news, Director Stanley R. Zax bought 50,000 shares of the stock in a transaction on Thursday, November 30th. The shares were purchased at an average price of $19.18 per share, with a total value of $959,000.00. Following the acquisition, the director now directly owns 300,300 shares of the company’s stock, valued at approximately $5,759,754. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 17.07% of the stock is currently owned by company insiders.

KW has been the topic of a number of recent analyst reports. Deutsche Bank reissued a “hold” rating and issued a $23.00 price objective on shares of Kennedy-Wilson in a research note on Monday, October 30th. ValuEngine downgraded Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.33.

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About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.

Dividend History for Kennedy-Wilson (NYSE:KW)

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