Kennedy-Wilson Holdings Inc. (KW) Plans $0.17 Quarterly Dividend
Kennedy-Wilson Holdings Inc. (NYSE:KW) declared a quarterly dividend on Friday, September 8th, Wall Street Journal reports. Stockholders of record on Friday, September 29th will be paid a dividend of 0.17 per share by the financial services provider on Thursday, October 5th. This represents a $0.68 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Thursday, September 28th.
Kennedy-Wilson Holdings has increased its dividend by an average of 37.0% per year over the last three years and has increased its dividend every year for the last 6 years.
Shares of Kennedy-Wilson Holdings (NYSE KW) traded up 0.79% during trading on Friday, hitting $19.15. The stock had a trading volume of 326,954 shares. Kennedy-Wilson Holdings has a 1-year low of $17.95 and a 1-year high of $23.77. The firm has a 50-day moving average of $19.58 and a 200 day moving average of $20.23. The company has a market capitalization of $2.19 billion, a P/E ratio of 101.32 and a beta of 1.37.
Kennedy-Wilson Holdings (NYSE:KW) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.16. Kennedy-Wilson Holdings had a net margin of 3.13% and a return on equity of 2.28%. The company had revenue of $177.80 million for the quarter, compared to analyst estimates of $178.55 million. During the same quarter in the prior year, the business posted ($0.02) EPS. The firm’s revenue was up .7% compared to the same quarter last year. Equities research analysts predict that Kennedy-Wilson Holdings will post ($0.29) earnings per share for the current fiscal year.
KW has been the topic of a number of analyst reports. BidaskClub upgraded shares of Kennedy-Wilson Holdings from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. BTIG Research restated a “buy” rating and issued a $33.00 target price on shares of Kennedy-Wilson Holdings in a report on Thursday, June 22nd. Finally, JMP Securities lowered shares of Kennedy-Wilson Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Kennedy-Wilson Holdings has an average rating of “Buy” and an average price target of $28.50.
Kennedy-Wilson Holdings Company Profile
Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.
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