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

Kennedy-Wilson Holdings, Inc. (NYSE:KW) announced a quarterly dividend on Wednesday, February 26th, NASDAQ Dividends reports. Investors of record on Monday, March 31st will be given 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 dividend yield of 5.59%. The ex-dividend date of this dividend 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 %

KW traded down $0.15 during midday trading on Friday, reaching $8.59. 933,303 shares of the company’s stock traded hands, compared to its average volume of 707,958. Kennedy-Wilson has a 52 week low of $8.02 and a 52 week high of $11.88. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a fifty day moving average of $9.08 and a two-hundred day moving average of $10.16. The stock 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.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Kennedy-Wilson news, Director Stanley R. Zax acquired 41,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were acquired at an average price of $8.56 per share, for a total transaction of $350,960.00. Following the completion of the acquisition, the director now owns 547,400 shares in the company, valued at $4,685,744. This trade represents a 8.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cathy Hendrickson sold 30,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 98,318 shares of the company’s stock, valued at $847,501.16. This represents a 23.38 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 22.73% of the company’s 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.