Kennedy-Wilson Holdings Inc (NYSE:KW) declared a quarterly dividend on Friday, February 23rd, Wall Street Journal reports. Shareholders of record on Thursday, March 29th will be given a dividend of 0.19 per share by the financial services provider on Thursday, April 5th. This represents a $0.76 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Wednesday, March 28th.
Kennedy-Wilson has increased its dividend by an average of 24.1% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Kennedy-Wilson has a dividend 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. Equities research analysts expect Kennedy-Wilson to earn ($0.17) per share next year, which means the company may not be able to cover its $0.76 annual dividend with an expected future payout ratio of -447.1%.
Kennedy-Wilson (NYSE:KW) traded down $0.05 during trading on Friday, reaching $16.90. 1,029,704 shares of the company’s stock traded hands, compared to its average volume of 1,241,116. The company has a market cap of $2,530.00, a PE ratio of 128.46 and a beta of 1.32. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.74 and a current ratio of 2.74. Kennedy-Wilson has a 52-week low of $15.95 and a 52-week high of $22.65.
Several research firms have weighed in on KW. ValuEngine cut shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Deutsche Bank reissued a “hold” rating and issued a $23.00 price target on shares of Kennedy-Wilson in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Kennedy-Wilson presently has a consensus rating of “Hold” and a consensus target price of $28.33.
In other Kennedy-Wilson news, Director Stanley R. Zax bought 50,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were bought at an average cost of $19.18 per share, with a total value of $959,000.00. Following the completion of the acquisition, the director now owns 300,300 shares of the company’s stock, valued at $5,759,754. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 17.07% of the stock is currently owned by company insiders.
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Kennedy-Wilson Company Profile
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.
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