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Kennedy Wilson, a global real estate investment company, has announced a dividend of $0.12 per common share for the second quarter of 2024. The company aims to retain $66 million per year to strengthen its investment management business, repurchase securities, and reduce leverage.
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Kennedy Wilson paying a dividend of $0.12 per share for the second quarter of 2024.
Company's plan to retain $66 million per year to enhance its investment management business, repurchase securities, and reduce leverage.
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BEVERLY HILLS, Calif.--(BUSINESS WIRE)--
Global real estate investment company Kennedy Wilson (NYSE: KW) today announced that the company will pay a dividend of $0.12 per share (or $0.48 per share annually) to common shareholders of record as of June 28, 2024, with a payment date of July 5, 2024. The resized dividend rate will allow the Company to retain $66 million per year, strengthening the Company's ability to grow its investment management business, repurchase securities, and reduce leverage.
About Kennedy Wilson
Kennedy Wilson (NYSE:KW) is a leading global real estate investment company. The company owns, operates, and invests in real estate through the balance sheet and through an investment management platform in the United States, United Kingdom, and Ireland. Kennedy Wilson primarily focuses on multifamily as well as industrial and debt investments in the investment management business. For more information on Kennedy Wilson, please visit: www.kennedywilson.com.
KW-IR
Special Note Regarding Forward-Looking Statements
Statements in this press release that are not historical facts are “forward-looking statements” within the meaning of U.S. federal securities laws. These forward-looking statements are estimates that reflect our management’s current expectations, are based on assumptions that may prove to be inaccurate and involve known and unknown risks. Accordingly, our actual results or performance may differ materially and adversely from the results or performance expressed or implied by these forward-looking statements, including for reasons that are beyond our control. Accordingly, you should not unduly rely on these statements, which speak only as of the date of this press release. We assume no duty to update the forward-looking statements, except as may be required by law.
