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

Key Points

• Kennedy-Wilson Holdings Inc. has declared a quarterly dividend of $0.12 per share, with an ex-dividend date set for September 30th and a payment date of October 9th.
• The company has a dividend payout ratio of -85.7%, indicating it is currently relying on its balance sheet to cover dividend payments, despite analysts expecting a future payout ratio of 15.7%.
• Kennedy-Wilson reported a positive earnings per share (EPS) of $0.17 for the last quarter, exceeding expectations, but its revenue of $135.7 million fell short of the anticipated $229.98 million.

Kennedy-Wilson Holdings Inc. (NYSE:KW - Get Free Report) declared a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.12 per share by the financial services provider on Thursday, October 9th. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Tuesday, September 30th.

Kennedy-Wilson has a dividend payout ratio of -85.7% meaning 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 $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 Stock Performance

NYSE KW traded up $0.18 during trading hours on Thursday, hitting $7.44. The company had a trading volume of 1,376,548 shares, compared to its average volume of 888,322. The business has a 50 day moving average of $7.03 and a 200-day moving average of $7.66. The company has a market cap of $1.03 billion, a PE ratio of -7.08, a price-to-earnings-growth ratio of 25.64 and a beta of 1.10. The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.05 and a current ratio of 1.05. Kennedy-Wilson has a 1-year low of $5.98 and a 1-year high of $11.88.

Kennedy-Wilson (NYSE:KW - Get Free Report) last released its earnings results on Wednesday, August 6th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.10. The company had revenue of $135.70 million for the quarter, compared to analysts' expectations of $229.98 million. Kennedy-Wilson had a positive return on equity of 7.76% and a negative net margin of 19.24%. As a group, equities research analysts expect that Kennedy-Wilson will post 2.87 EPS for the current year.

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.

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