Kennedy-Wilson Holdings Inc (NYSE:KW) declared a quarterly dividend on Thursday, November 1st, Wall Street Journal reports. Investors of record on Friday, December 28th will be paid a dividend of 0.21 per share by the financial services provider on Thursday, January 3rd. This represents a $0.84 annualized dividend and a yield of 4.24%. The ex-dividend date is Thursday, December 27th. This is a positive change from Kennedy-Wilson’s previous quarterly dividend of $0.19.
Kennedy-Wilson has increased its dividend by an average of 24.1% annually over the last three years and has increased its dividend every year for the last 7 years. Kennedy-Wilson has a dividend payout ratio of -447.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Shares of KW stock opened at $19.82 on Friday. Kennedy-Wilson has a 12-month low of $15.95 and a 12-month high of $22.27. The stock has a market cap of $2.71 billion, a P/E ratio of 44.04 and a beta of 1.38. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.82.
Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.17. The firm had revenue of $185.80 million during the quarter, compared to the consensus estimate of $199.49 million. Kennedy-Wilson had a net margin of 22.76% and a return on equity of 11.75%. The firm’s quarterly revenue was down 31.8% on a year-over-year basis. During the same period last year, the firm posted $0.31 EPS.
Several equities research analysts have weighed in on KW shares. ValuEngine upgraded shares of Kennedy-Wilson from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Deutsche Bank lowered their price objective on shares of Kennedy-Wilson from $26.00 to $25.00 and set a “hold” rating for the company in a research report on Wednesday, August 29th. TheStreet upgraded shares of Kennedy-Wilson from a “c” rating to a “b” rating in a research report on Thursday, August 2nd. Finally, JMP Securities raised their price objective on shares of Kennedy-Wilson from $23.00 to $24.00 and gave the company a “market outperform” rating in a research report on Thursday, August 2nd.
Kennedy-Wilson Holdings, Inc 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 commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.
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