Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) announced an annual dividend on Monday, April 7th, Wall Street Journal reports. Stockholders of record on Monday, April 14th will be given a dividend of 4.80 per share by the utilities provider on Monday, April 21st. This represents a dividend yield of 15.6%. The ex-dividend date is Monday, April 14th. This is a 296.7% increase from Kenon's previous annual dividend of $1.21.
Kenon has increased its dividend payment by an average of 26.9% per year over the last three years.
Kenon Stock Performance
KEN stock traded up $1.58 on Friday, hitting $34.91. The company's stock had a trading volume of 140,100 shares, compared to its average volume of 13,355. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 10.91 and a beta of 1.31. The firm has a 50 day moving average of $32.35 and a two-hundred day moving average of $30.58. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.64. Kenon has a 1 year low of $19.63 and a 1 year high of $35.49.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Kenon from a "hold" rating to a "sell" rating in a report on Friday, April 4th.
Read Our Latest Stock Analysis on Kenon
Kenon Company Profile
(
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Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.
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