Kennedy-Wilson Holdings Inc (NYSE:KW) declared a quarterly dividend on Thursday, February 28th, Wall Street Journal reports. Investors of record on Friday, March 29th will be paid a dividend of 0.21 per share by the financial services provider on Thursday, April 4th. This represents a $0.84 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Thursday, March 28th.

Kennedy-Wilson has increased 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 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.

KW opened at $21.11 on Wednesday. Kennedy-Wilson has a 1-year low of $17.23 and a 1-year high of $22.27. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.78. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 11.87 and a beta of 1.36.

Several research firms have weighed in on KW. JPMorgan Chase & Co. began coverage on shares of Kennedy-Wilson in a research note on Wednesday, December 19th. They issued an “overweight” rating and a $25.00 price target for the company. BTIG Research set a $33.00 price target on shares of Kennedy-Wilson and gave the company a “buy” rating in a research note on Thursday, December 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $26.75.

In other Kennedy-Wilson news, Director Richard Aidan Hugh Boucher acquired 7,100 shares of Kennedy-Wilson stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $21.00 per share, for a total transaction of $149,100.00. Following the completion of the acquisition, the director now directly owns 22,100 shares of the company’s stock, valued at $464,100. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Trevor Bowen acquired 13,500 shares of Kennedy-Wilson stock in a transaction dated Wednesday, March 20th. The shares were acquired at an average price of $20.93 per share, with a total value of $282,555.00. Following the completion of the acquisition, the director now directly owns 38,909 shares of the company’s stock, valued at $814,365.37. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 256,036 shares of company stock valued at $5,054,295. Insiders own 14.58% of the company’s stock.

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Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc 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 commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

Dividend History for Kennedy-Wilson (NYSE:KW)

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