Kennedy Wilson Announces Dividend of $0.12 Per Common Share for Fourth Quarter 2024

Rhea-AI Summary

Kennedy Wilson (NYSE: KW) has declared a quarterly dividend of $0.12 per share for Q4 2024, payable on January 2, 2025, to shareholders of record as of December 31, 2024. This translates to an annual dividend of $0.48 per share. The company manages over $28 billion in assets across the United States, UK, and Ireland, and has completed more than $50 billion in total transactions since its public listing in 2009.

Positive

• Consistent dividend payment maintained at $0.48 annually
• Substantial assets under management of $28 billion
• Strong transaction history with $50 billion in deals since 2009

Negative

• None.

Insights

Financial Analyst

The quarterly dividend announcement of $0.12 per share maintains Kennedy Wilson's consistent dividend policy, representing an annual yield of approximately 4% based on current share prices. While the dividend remains unchanged from previous quarters, it demonstrates the company's stable financial position and commitment to shareholder returns despite market volatility.

With $28 billion in assets under management and a proven track record of $50 billion in transactions since 2009, KW maintains a strong market presence in high-growth markets. The company's diversified portfolio across the US, UK and Ireland provides resilience against regional market fluctuations. The dividend continuation reflects management's confidence in sustained cash flow generation from their core real estate portfolio and investment management platform.

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 December 31, 2024, with a payment date of January 2, 2025.

About Kennedy Wilson

Kennedy Wilson (NYSE: KW) is a leading real estate investment company with over $28 billion of assets under management in high growth markets across the United States, the UK and Ireland. Drawing on decades of experience, our relationship-oriented team excels at identifying opportunities and building value through market cycles, closing more than $50 billion in total transactions across the property spectrum since going public in 2009. Kennedy Wilson owns, operates, and builds real estate within our high-quality, core real estate portfolio and through our investment management platform, where we target opportunistic equity and debt investments alongside our partners. For further information, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241106816488/en/

Investors

Daven Bhavsar, CFA

Head of Investor Relations

(310) 887-3431

dbhavsar@kennedywilson.com

Source: Kennedy Wilson

FAQ

What is Kennedy Wilson's Q4 2024 dividend amount?

Kennedy Wilson (KW) announced a dividend of $0.12 per share for Q4 2024.

When will Kennedy Wilson (KW) pay its Q4 2024 dividend?

Kennedy Wilson will pay the Q4 2024 dividend on January 2, 2025, to shareholders of record as of December 31, 2024.

What is Kennedy Wilson's (KW) annual dividend rate for 2024?

Kennedy Wilson's annual dividend rate is $0.48 per share, paid as $0.12 quarterly.

How much assets under management does Kennedy Wilson (KW) have?

Kennedy Wilson manages over $28 billion in assets across the United States, UK, and Ireland.