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

Kennedy-Wilson Holdings, Inc. (NYSE:KW - Get Free Report) announced 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 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Tuesday, December 31st.

Kennedy-Wilson has increased its dividend payment by an average of 13.3% per year over the last three years. Kennedy-Wilson has a payout ratio of -88.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 2.5 %

Shares of KW stock traded up $0.28 during mid-day trading on Friday, hitting $11.53. 585,303 shares of the stock were exchanged, compared to its average volume of 479,779. Kennedy-Wilson has a 52-week low of $7.85 and a 52-week high of $13.27. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.67. The firm has a fifty day moving average of $10.99 and a 200 day moving average of $10.34.

Kennedy-Wilson (NYSE:KW - Get Free Report) last announced 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. Kennedy-Wilson had a negative return on equity of 13.69% and a negative net margin of 58.56%. The business had revenue of $132.00 million during the quarter, compared to the consensus estimate of $100.66 million. During the same period in the prior year, the company posted $0.28 EPS. The business's quarterly revenue was down 9.9% on a year-over-year basis. Analysts predict that Kennedy-Wilson will post 2.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Kennedy-Wilson

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.