Kennedy-Wilson Holdings, Inc. (KW) to Issue Quarterly Dividend of $0.12 on April 4th

Kennedy-Wilson Holdings, Inc. (NYSE:KW) announced a quarterly dividend on Wednesday, February 26th, NASDAQ Dividends reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.12 per share by the financial services provider on Friday, April 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date is Monday, March 31st.

Kennedy-Wilson has increased its dividend by an average of 35.7% per year over the last three years. Kennedy-Wilson has a payout ratio of -85.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Kennedy-Wilson to earn $3.05 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 15.7%.

Kennedy-Wilson Price Performance

NYSE KW traded down $0.15 during trading on Friday, reaching $8.59. The company’s stock had a trading volume of 933,303 shares, compared to its average volume of 707,958. The firm has a fifty day moving average of $9.08 and a 200 day moving average of $10.16. The stock has a market capitalization of $1.18 billion, a PE ratio of -3.33, a P/E/G ratio of 0.54 and a beta of 1.14. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. Kennedy-Wilson has a one year low of $8.02 and a one year high of $11.88.

Analyst Ratings Changes

Several equities analysts recently commented on KW shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kennedy-Wilson in a report on Monday, February 24th. They set a “hold” rating and a $9.00 target price on the stock. StockNews.com raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

Insider Activity at Kennedy-Wilson

In other Kennedy-Wilson news, Director Stanley R. Zax bought 41,000 shares of Kennedy-Wilson stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average cost of $8.56 per share, with a total value of $350,960.00. Following the transaction, the director now directly owns 547,400 shares of the company’s stock, valued at $4,685,744. This represents a 8.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cathy Hendrickson sold 30,000 shares of Kennedy-Wilson stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.62, for a total transaction of $258,600.00. Following the transaction, the director now directly owns 98,318 shares of the company’s stock, valued at approximately $847,501.16. This trade represents a 23.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.73% of the stock is owned by company insiders.

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.