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

Kennedy-Wilson Holdings Inc. (NYSE:KW) announced a quarterly dividend on Wednesday, February 25th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.12 per share by the financial services provider on Thursday, April 9th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, March 31st.

Kennedy-Wilson has decreased its dividend by an average of 0.1%annually over the last three years. Kennedy-Wilson has a 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. 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

KW traded up $0.01 during midday trading on Thursday, hitting $10.86. 270,535 shares of the company were exchanged, compared to its average volume of 1,301,995. The company’s 50 day simple moving average is $9.98 and its 200 day simple moving average is $9.16. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -41.75 and a beta of 1.02. Kennedy-Wilson has a 1-year low of $5.98 and a 1-year high of $10.95. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 5.99.

Institutional Investors Weigh In On Kennedy-Wilson

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in Kennedy-Wilson by 98.9% during the third quarter. CWM LLC now owns 4,681 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 2,327 shares in the last quarter. State of Wyoming purchased a new stake in shares of Kennedy-Wilson during the second quarter worth about $58,000. Advisory Services Network LLC acquired a new position in shares of Kennedy-Wilson during the 3rd quarter worth about $71,000. PharVision Advisers LLC acquired a new position in shares of Kennedy-Wilson during the 2nd quarter worth about $73,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Kennedy-Wilson in the 3rd quarter valued at about $86,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.