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

Kennedy-Wilson Holdings, Inc. (NYSE:KW) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.12 per share by the financial services provider on Friday, July 5th. This represents a $0.48 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Friday, June 28th.

Kennedy-Wilson has raised its dividend by an average of 13.3% per year over the last three years. Kennedy-Wilson has a dividend payout ratio of -84.2% 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 ($0.06) per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of -1,600.0%.

Kennedy-Wilson Stock Up 2.0 %

Shares of NYSE KW traded up $0.20 during trading on Friday, reaching $10.11. 592,347 shares of the stock were exchanged, compared to its average volume of 1,310,442. The business’s 50-day moving average price is $8.50 and its 200 day moving average price is $10.40. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -4.03 and a beta of 1.04. Kennedy-Wilson has a twelve month low of $7.85 and a twelve month high of $17.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.25.

Kennedy-Wilson (NYSE:KW) last released its earnings results on Wednesday, February 21st. The financial services provider reported ($1.41) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($1.44). The business had revenue of $140.10 million during the quarter. Kennedy-Wilson had a negative return on equity of 16.94% and a negative net margin of 55.65%. As a group, equities analysts forecast that Kennedy-Wilson will post -1.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of Kennedy-Wilson from a “c-” rating to a “d+” rating in a research report on Thursday, February 22nd.

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.