Kenon Holdings Ltd. (NYSE:KEN) Declares Dividend Increase – $4.80 Per Share

Kenon Holdings Ltd. (NYSE:KEN) announced an annual dividend on Monday, April 7th, Wall Street Journal reports. Shareholders of record on Monday, April 14th will be paid a dividend of 4.80 per share by the utilities provider on Monday, April 21st. This represents a yield of 15.6%. The ex-dividend date of this dividend is Monday, April 14th. This is a 296.7% increase from Kenon’s previous annual dividend of $1.21.

Kenon has increased its dividend by an average of 26.9% per year over the last three years.

Kenon Stock Performance

Shares of KEN opened at $30.99 on Tuesday. The stock has a market capitalization of $1.62 billion, a PE ratio of 9.68 and a beta of 1.31. The business’s fifty day moving average price is $32.05 and its 200 day moving average price is $30.34. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.78 and a quick ratio of 3.78. Kenon has a 12-month low of $19.63 and a 12-month high of $35.33.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Kenon from a “hold” rating to a “sell” rating in a research report on Friday.

Kenon Company Profile

Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.