Kennedy-Wilson Holdings, Inc. (NYSE:KW) Plans $0.12 Quarterly Dividend

Kennedy-Wilson Holdings, Inc. (NYSE:KW) announced a quarterly dividend on Wednesday, August 7th, Wall Street Journal reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.12 per share by the financial services provider on Thursday, October 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Monday, September 30th.

Kennedy-Wilson has increased its dividend payment by an average of 13.3% per year over the last three years. Kennedy-Wilson has a dividend payout ratio of -88.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Kennedy-Wilson to earn $2.99 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 16.1%.

Kennedy-Wilson Price Performance

KW stock opened at $11.14 on Friday. The stock has a 50-day moving average price of $10.75 and a two-hundred day moving average price of $9.83. The company has a market cap of $1.53 billion, a PE ratio of -5.65, a price-to-earnings-growth ratio of 0.68 and a beta of 1.11. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.67. Kennedy-Wilson has a 12-month low of $7.85 and a 12-month high of $14.98.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.12. Kennedy-Wilson had a negative net margin of 59.78% and a negative return on equity of 13.90%. The firm had revenue of $132.00 million for the quarter, compared to analyst estimates of $100.66 million. During the same quarter last year, the firm posted $0.28 earnings per share. Kennedy-Wilson’s revenue for the quarter was down 9.9% compared to the same quarter last year. As a group, research analysts predict that Kennedy-Wilson will post 2.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KW shares. StockNews.com cut shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. JPMorgan Chase & Co. upped their target price on Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th.

About Kennedy-Wilson

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