Kennedy-Wilson Holdings Inc. (KW) To Go Ex-Dividend on December 31st

Kennedy-Wilson Holdings Inc. (NYSE:KW) announced a quarterly dividend on Wednesday, November 5th. Investors of record on Wednesday, December 31st will be given a dividend of 0.12 per share by the financial services provider on Thursday, January 8th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Wednesday, December 31st.

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

KW stock opened at $9.74 on Monday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -37.44 and a beta of 1.04. Kennedy-Wilson has a 52-week low of $5.98 and a 52-week high of $10.15. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 5.99. The stock’s fifty day simple moving average is $9.24 and its 200-day simple moving average is $8.32.

Institutional Trading of Kennedy-Wilson

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Kennedy-Wilson by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 5,329 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,388 shares during the period. CWM LLC raised its holdings in shares of 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 buying an additional 2,327 shares during the last quarter. State of Wyoming acquired a new position in shares of Kennedy-Wilson during the second quarter worth approximately $58,000. Advisory Services Network LLC acquired a new position in shares of Kennedy-Wilson during the third quarter worth approximately $71,000. Finally, PharVision Advisers LLC bought a new position in Kennedy-Wilson in the 2nd quarter worth approximately $73,000. 87.72% of the stock is currently owned by institutional investors.

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.