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

Kennedy-Wilson Holdings, Inc. (NYSE:KW) announced a quarterly dividend on Wednesday, February 26th, NASDAQ Dividends reports. Shareholders 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 annualized dividend and a yield of 5.59%. The ex-dividend date is Monday, March 31st.

Kennedy-Wilson has raised its dividend payment by an average of 35.7% annually over the last three years. Kennedy-Wilson has a dividend 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. Research 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 Trading Down 1.8 %

Shares of NYSE KW traded down $0.15 during midday trading on Friday, reaching $8.59. 933,303 shares of the stock were exchanged, compared to its average volume of 707,958. 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 12 month low of $8.02 and a 12 month high of $11.88. The business has a 50-day simple moving average of $9.08 and a two-hundred day simple moving average of $10.16. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -3.33, a P/E/G ratio of 0.54 and a beta of 1.14.

Insider Transactions at Kennedy-Wilson

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KW. Deutsche Bank Aktiengesellschaft initiated coverage on Kennedy-Wilson in a research note on Monday, February 24th. They issued a “hold” rating and a $9.00 target price for the company. StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Friday, December 6th.

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.