Kennedy-Wilson Holdings Inc. (KW) To Go Ex-Dividend on June 11th

Kennedy-Wilson Holdings Inc. (NYSE:KW) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Thursday, June 11th will be given a dividend of 0.12 per share by the financial services provider on Thursday, July 9th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, June 11th.

Kennedy-Wilson has decreased its dividend payment by an average of 0.1%per year over the last three years. 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.

Kennedy-Wilson Stock Down 0.0%

Kennedy-Wilson stock opened at $11.01 on Tuesday. The company’s 50 day simple moving average is $10.95 and its 200 day simple moving average is $10.42. Kennedy-Wilson has a fifty-two week low of $6.48 and a fifty-two week high of $11.09. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 100.05 and a beta of 0.87. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.81 and a quick ratio of 0.81.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.25. Kennedy-Wilson had a net margin of 12.08% and a return on equity of 23.82%. The business had revenue of $117.20 million for the quarter, compared to analyst estimates of $91.69 million.

Institutional Trading of Kennedy-Wilson

Several hedge funds have recently bought and sold shares of KW. AQR Capital Management LLC raised its holdings in Kennedy-Wilson by 19.5% during the 1st quarter. AQR Capital Management LLC now owns 23,868 shares of the financial services provider’s stock worth $207,000 after buying an additional 3,899 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Kennedy-Wilson by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,577 shares of the financial services provider’s stock worth $587,000 after buying an additional 2,952 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Kennedy-Wilson during the 1st quarter worth approximately $92,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Kennedy-Wilson by 3.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 879,644 shares of the financial services provider’s stock worth $7,635,000 after buying an additional 30,176 shares during the period. Finally, Jane Street Group LLC raised its holdings in Kennedy-Wilson by 756.4% during the 1st quarter. Jane Street Group LLC now owns 209,553 shares of the financial services provider’s stock worth $1,819,000 after buying an additional 185,083 shares during the period. 87.72% of the stock is currently owned by institutional investors and hedge funds.

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.