Kennedy-Wilson Holdings Inc (NYSE:KW) declared a quarterly dividend on Monday, June 10th, Wall Street Journal reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.21 per share by the financial services provider on Friday, July 5th. This represents a $0.84 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Thursday, June 27th.

Kennedy-Wilson has raised its dividend payment by an average of 32.1% per year over the last three years and has increased its dividend every year for the last 8 years. Kennedy-Wilson has a dividend payout ratio of -494.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Shares of KW opened at $20.77 on Wednesday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 11.81 and a beta of 1.26. The company has a 50-day moving average of $21.04. Kennedy-Wilson has a fifty-two week low of $17.25 and a fifty-two week high of $22.61. The company has a debt-to-equity ratio of 4.19, a current ratio of 1.01 and a quick ratio of 1.01.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.15. The company had revenue of $140.70 million for the quarter, compared to analyst estimates of $178.13 million. Kennedy-Wilson had a net margin of 20.33% and a return on equity of 17.67%. The company’s revenue was down 26.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) earnings per share.

Separately, Evercore ISI assumed coverage on shares of Kennedy-Wilson in a research report on Thursday, April 18th. They set an “outperform” rating and a $21.52 price target on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.70.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc is a global real estate investment company, which engages in the ownership, operation, and investment in real estate through its investment platform. It operates through the following business segments: KW Investments, and KW Investment Management and Real Estate Services (IMRES).

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Dividend History for Kennedy-Wilson (NYSE:KW)

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