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

Kennedy-Wilson Holdings, Inc. (NYSE:KW) declared a quarterly dividend on Wednesday, February 26th, NASDAQ Dividends reports. Stockholders 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 is Monday, March 31st.

Kennedy-Wilson has increased 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% 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 Stock Performance

NYSE KW traded down $0.15 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 current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. Kennedy-Wilson has a one year low of $8.02 and a one year high of $11.88. 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. The company’s 50-day simple moving average is $9.08 and its two-hundred day simple moving average is $10.16.

Wall Street Analysts Forecast Growth

KW has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Kennedy-Wilson in a research note on Monday, February 24th. They issued a “hold” rating and a $9.00 price objective for the company. StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

Insider Buying and Selling at Kennedy-Wilson

In related news, Director Cathy Hendrickson sold 30,000 shares of Kennedy-Wilson stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $8.62, for a total value of $258,600.00. Following the completion of the transaction, the director now owns 98,318 shares in the company, valued at approximately $847,501.16. This trade represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stanley R. Zax acquired 41,000 shares of Kennedy-Wilson stock in a transaction on Wednesday, March 19th. The shares were bought at an average cost of $8.56 per share, for a total transaction of $350,960.00. Following the completion of 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 disclosure for this purchase can be found here. Insiders own 22.73% of the company’s stock.

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.