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

Kennedy-Wilson Holdings, Inc. (NYSE:KW) declared 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 by an average of 35.7% annually over the last three years. Kennedy-Wilson has a dividend payout ratio of -85.7% 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 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

Shares of KW stock traded down $0.15 during trading hours on Friday, reaching $8.59. The stock had a trading volume of 933,303 shares, compared to its average volume of 707,958. The stock’s fifty day simple moving average is $9.08 and its 200 day simple moving average is $10.16. The firm has a market capitalization of $1.18 billion, a PE ratio of -3.33, a PEG ratio of 0.54 and a beta of 1.14. Kennedy-Wilson has a 12 month low of $8.02 and a 12 month high of $11.88. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06.

Insider Transactions at Kennedy-Wilson

In other Kennedy-Wilson news, Director Stanley R. Zax acquired 41,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was purchased at an average cost of $8.56 per share, for a total transaction of $350,960.00. Following the acquisition, the director now owns 547,400 shares in the company, valued at $4,685,744. The trade was a 8.10 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Cathy Hendrickson sold 30,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were 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 of the company’s stock, valued at $847,501.16. This trade represents a 23.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 22.73% of the company’s stock.

Wall Street Analyst Weigh In

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

Kennedy-Wilson Company Profile

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.