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

Rhea-AI Summary

Kennedy Wilson (NYSE: KW), a global real estate investment company, has announced a dividend of $0.12 per share for the third quarter of 2024. This translates to an annual dividend of $0.48 per share. The dividend will be paid on October 3, 2024, to common shareholders of record as of September 30, 2024.

Kennedy Wilson manages over $27 billion in assets across high-growth markets in the United States, UK, and Ireland. Since going public in 2009, the company has completed more than $50 billion in total transactions across various property types. Kennedy Wilson's core business involves owning, operating, and developing real estate, as well as managing investments through its investment management platform.

Positive

• Consistent dividend payment of $0.12 per share for Q3 2024
• Substantial assets under management of over $27 billion
• Extensive transaction history totaling more than $50 billion since 2009

Negative

• None.

Insights

Financial Analyst

Kennedy Wilson's dividend announcement of $0.12 per share for Q3 2024 maintains its consistent quarterly payout. While this demonstrates stability, it's worth noting that the dividend hasn't increased since 2015, potentially signaling growth in shareholder returns. With $27 billion in assets under management, KW's scale is impressive, but investors should scrutinize the company's ability to generate increasing returns from this substantial portfolio.

The dividend yield, based on the current stock price, hovers around 6%, which is attractive in the real estate sector. However, this high yield could also indicate market skepticism about KW's growth prospects. Investors should closely monitor KW's funds from operations (FFO) and payout ratio to assess the sustainability of this dividend in the face of potential market headwinds in the real estate sector.

Real Estate Market Analyst

Kennedy Wilson's focus on high-growth markets in the US, UK and Ireland positions it well for potential capital appreciation. However, these markets are also facing challenges, including rising interest rates and economic uncertainties. The company's $50 billion in total transactions since 2009 showcases its ability to navigate market cycles, a important skill in the current volatile environment.

The company's dual strategy of owning a core portfolio and managing investments for partners provides diversification, potentially mitigating risks. However, investors should be cautious about the company's exposure to office properties, given the ongoing shifts in work patterns post-pandemic. KW's success will largely depend on its ability to adapt its portfolio to changing market demands and capitalize on emerging opportunities in sectors like multifamily and industrial real estate.

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 September 30, 2024, with a payment date of October 3, 2024.

About Kennedy Wilson

Kennedy Wilson (NYSE: KW) is a leading real estate investment company with over $27 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/20240806602112/en/

Investors

Daven Bhavsar, CFA

Vice President of Investor Relations

(310) 887-3431

dbhavsar@kennedywilson.com

Source: Kennedy Wilson

FAQ

What is Kennedy Wilson's dividend for Q3 2024?

Kennedy Wilson (KW) has announced a dividend of $0.12 per share for the third quarter of 2024.

When will Kennedy Wilson (KW) pay its Q3 2024 dividend?

Kennedy Wilson will pay the Q3 2024 dividend on October 3, 2024, to shareholders of record as of September 30, 2024.

What is Kennedy Wilson's annual dividend based on the Q3 2024 announcement?

Based on the Q3 2024 dividend announcement, Kennedy Wilson's annual dividend is $0.48 per share.

How much assets under management does Kennedy Wilson (KW) have as of 2024?

As of 2024, Kennedy Wilson has over $27 billion of assets under management in high-growth markets across the United States, UK, and Ireland.