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

Kennedy-Wilson Holdings, Inc. (NYSE:KW) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.12 per share by the financial services provider on Thursday, January 2nd. This represents a $0.48 annualized dividend and a yield of 4.25%. The ex-dividend date is Tuesday, December 31st.

Kennedy-Wilson has raised its dividend payment by an average of 13.3% annually over the last three years. Kennedy-Wilson has a dividend payout ratio of -88.9% 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 research analysts expect Kennedy-Wilson to earn $2.99 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 16.1%.

Kennedy-Wilson Trading Up 0.4 %

Shares of NYSE KW opened at $11.30 on Friday. The company’s 50 day simple moving average is $10.99 and its 200 day simple moving average is $10.34. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $1.55 billion, a P/E ratio of -4.36, a P/E/G ratio of 0.66 and a beta of 1.10. Kennedy-Wilson has a fifty-two week low of $7.85 and a fifty-two week high of $13.27.

Kennedy-Wilson (NYSE:KW) last posted its earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.12. The company had revenue of $132.00 million for the quarter, compared to analyst estimates of $100.66 million. Kennedy-Wilson had a negative net margin of 59.78% and a negative return on equity of 13.90%. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period last year, the business posted $0.28 earnings per share. On average, analysts predict that Kennedy-Wilson will post 2.88 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on KW shares. StockNews.com lowered shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. JPMorgan Chase & Co. increased their target price on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th.

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.