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

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) announced a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Stockholders of record on Tuesday, September 30th will be given 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 6.3%. The ex-dividend date of this dividend is Tuesday, September 30th.

Kennedy-Wilson has a 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 Stock Performance

NYSE KW traded up $0.02 on Monday, reaching $7.62. The stock had a trading volume of 925,483 shares, compared to its average volume of 839,257. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $1.05 billion, a P/E ratio of -11.37, a price-to-earnings-growth ratio of 26.55 and a beta of 1.10. The firm has a fifty day moving average of $7.12 and a two-hundred day moving average of $7.60. 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 announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.10. The business had revenue of $135.70 million during the quarter, compared to the consensus estimate of $229.98 million. Kennedy-Wilson had a positive return on equity of 12.90% and a negative net margin of 9.11%. On average, equities research analysts anticipate that Kennedy-Wilson will post 2.87 EPS for the current year.

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.