Kennedy-Wilson Holdings, Inc. (KW) to Issue Quarterly Dividend of $0.12 on January 2nd

Kennedy-Wilson Holdings, Inc. (NYSE:KW) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date of this dividend is Tuesday, December 31st.

Kennedy-Wilson has increased its dividend payment by an average of 13.3% annually over the last three years. Kennedy-Wilson has a payout ratio of -44.9% 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 Up 0.3 %

Shares of NYSE:KW opened at $10.06 on Friday. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s 50-day moving average is $10.98 and its 200-day moving average is $10.67. The company has a market cap of $1.38 billion, a P/E ratio of -3.90, a P/E/G ratio of 0.70 and a beta of 1.12. Kennedy-Wilson has a 52-week low of $7.85 and a 52-week high of $12.74.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Friday, December 6th.

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.