Kennedy-Wilson Holdings, Inc. (KW) To Go Ex-Dividend on September 29th

Kennedy-Wilson Holdings, Inc. (NYSE:KWGet Rating) announced a quarterly dividend on Thursday, August 4th, Wall Street Journal reports. Investors of record on Friday, September 30th will be given a dividend of 0.24 per share by the financial services provider on Thursday, October 6th. This represents a $0.96 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend is Thursday, September 29th.

Kennedy-Wilson has a payout ratio of 92.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Kennedy-Wilson to earn $1.89 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 50.8%.

Kennedy-Wilson Stock Up 2.0 %

KW stock opened at $19.54 on Friday. Kennedy-Wilson has a 12 month low of $18.34 and a 12 month high of $25.30. The firm has a market cap of $3.18 billion, a PE ratio of 21.47, a P/E/G ratio of 4.73 and a beta of 1.10. The firm has a 50 day simple moving average of $19.61 and a 200 day simple moving average of $21.60. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.09 and a quick ratio of 1.09.

Kennedy-Wilson (NYSE:KWGet Rating) last released its earnings results on Wednesday, May 4th. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.41 by $0.17. Kennedy-Wilson had a net margin of 30.28% and a return on equity of 22.69%. The business had revenue of $124.70 million during the quarter, compared to analyst estimates of $184.80 million. During the same period in the prior year, the business earned $0.34 earnings per share. The business’s quarterly revenue was up 25.5% on a year-over-year basis. Equities research analysts forecast that Kennedy-Wilson will post 1.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kennedy-Wilson

Several hedge funds have recently made changes to their positions in the company. Neuberger Berman Group LLC lifted its position in shares of Kennedy-Wilson by 13.3% in the 1st quarter. Neuberger Berman Group LLC now owns 300,851 shares of the financial services provider’s stock valued at $7,338,000 after acquiring an additional 35,287 shares in the last quarter. Toroso Investments LLC acquired a new position in Kennedy-Wilson in the 1st quarter valued at approximately $277,000. Penn Capital Management Company LLC acquired a new position in Kennedy-Wilson in the 1st quarter valued at approximately $826,000. Eqis Capital Management Inc. acquired a new position in Kennedy-Wilson in the 1st quarter valued at approximately $459,000. Finally, First Manhattan Co. increased its stake in Kennedy-Wilson by 163.0% in the 1st quarter. First Manhattan Co. now owns 97,305 shares of the financial services provider’s stock valued at $2,373,000 after buying an additional 60,305 shares during the period. Hedge funds and other institutional investors own 88.32% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet lowered shares of Kennedy-Wilson from a “b-” rating to a “c+” rating in a research note on Tuesday, May 10th.

About Kennedy-Wilson

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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.

See Also

Dividend History for Kennedy-Wilson (NYSE:KW)

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