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

Kennedy-Wilson Holdings, Inc. (NYSE:KW - Get Free Report) declared a quarterly dividend on Wednesday, February 26th, NASDAQ Dividends reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.12 per share by the financial services provider on Friday, April 4th. This represents a $0.48 annualized dividend and a dividend yield of 5.58%. The ex-dividend date is Monday, March 31st.

Kennedy-Wilson has raised its dividend by an average of 35.7% annually over the last three years. Kennedy-Wilson has a dividend 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. Equities 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 0.7 %

Shares of Kennedy-Wilson stock traded up $0.06 during trading on Wednesday, reaching $8.60. 151,535 shares of the stock were exchanged, compared to its average volume of 634,056. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -3.33, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. Kennedy-Wilson has a 1 year low of $8.02 and a 1 year high of $11.88. The stock's fifty day moving average is $9.06 and its 200 day moving average is $10.11.

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Insider Buying and Selling at Kennedy-Wilson

In other Kennedy-Wilson news, Director Stanley R. Zax bought 41,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average price of $8.56 per share, for a total transaction of $350,960.00. Following the acquisition, the director now owns 547,400 shares in the company, valued at approximately $4,685,744. This represents a 8.10 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Cathy Hendrickson sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.62, for a total transaction of $258,600.00. Following the transaction, the director now directly owns 98,318 shares of the company's stock, valued at $847,501.16. This represents a 23.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 22.73% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on KW shares. Deutsche Bank Aktiengesellschaft initiated coverage on Kennedy-Wilson in a research note on Monday, February 24th. They set a "hold" rating and a $9.00 target price on the stock. 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.