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

Kennedy-Wilson Holdings Inc. (NYSE:KW) announced a quarterly dividend on Wednesday, February 25th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.12 per share by the financial services provider on Thursday, April 9th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, March 31st.

Kennedy-Wilson has decreased its dividend payment by an average of 0.1%annually over the last three years. Kennedy-Wilson has a 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. 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 Up 0.0%

Shares of KW stock traded up $0.01 during trading hours on Thursday, reaching $10.86. 319,578 shares of the company’s stock were exchanged, compared to its average volume of 1,303,321. The stock’s 50 day moving average is $9.98 and its 200-day moving average is $9.16. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -41.75 and a beta of 1.02. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 5.99. Kennedy-Wilson has a fifty-two week low of $5.98 and a fifty-two week high of $10.95.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.