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

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 given 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 4.25%. The ex-dividend date 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 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. 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 Stock Up 0.4 %

Kennedy-Wilson stock opened at $11.30 on Friday. The company has a market cap of $1.55 billion, a P/E ratio of -4.36, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. Kennedy-Wilson has a 1-year low of $7.85 and a 1-year high of $13.27. The company has a fifty day simple moving average of $10.99 and a 200 day simple moving average of $10.34. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.67.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on KW. JPMorgan Chase & Co. increased their price target on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. StockNews.com cut shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd.

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.