Kennedy Wilson Increases Dividend by 9% to $0.24 Per Common Share for Fourth Quarter 2021

Rhea-AI Summary

Kennedy Wilson announced a 9% increase in its quarterly dividend to $0.24 per share, equating to $0.96 annually. This dividend will be payable to common shareholders of record on December 31, 2021, with a payment date set for January 6, 2022. The increase reflects the company's robust performance in the real estate investment sector, focusing on multifamily and office properties in the Western U.S., UK, and Ireland.

Positive

• Quarterly dividend increase of 9% to $0.24 per share, indicating strong confidence in financial health.

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• None.

BEVERLY HILLS, Calif.--(BUSINESS WIRE)-- Global real estate investment company Kennedy Wilson (NYSE: KW) today announced a 9% increase in the common dividend per share to $0.24 per quarter, or $0.96 on an annualized basis. The Company will pay a quarterly dividend to common shareholders of record as of December 31, 2021 with a payment date of January 6, 2022.

About Kennedy Wilson

Kennedy Wilson (NYSE:KW) is a global real estate investment company. We own, operate, and invest in real estate both on our own and through our investment management platform. We focus on multifamily and office properties located in the Western U.S., UK, and Ireland. For further 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211103006148/en/

Investors

Daven Bhavsar, CFA

Vice President of Investor Relations

(310) 887-3431

dbhavsar@kennedywilson.com

Source: Kennedy Wilson

FAQ

What is the new dividend amount for Kennedy Wilson (KW)?

The new dividend amount for Kennedy Wilson is $0.24 per share, reflecting a 9% increase.

When is the dividend payment date for KW?

The dividend payment date for Kennedy Wilson is January 6, 2022.

Who are eligible shareholders for the KW dividend?

Shareholders of record as of December 31, 2021, are eligible for the dividend.