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BEVERLY HILLS, Calif. - Kennedy Wilson (NYSE: KW), a global real estate investment firm, has declared a quarterly dividend of $0.12 per share to be paid to its common shareholders. The company specified that shareholders on record as of March 31, 2025, will be eligible for the dividend, which is scheduled for disbursement on April 4, 2025. The dividend represents an attractive 5.17% yield, and according to InvestingPro, the company has maintained dividend payments for 14 consecutive years.
Kennedy Wilson is recognized for its extensive portfolio in the real estate sector, managing assets worth over $28 billion across strategic markets in the United States, the United Kingdom (TADAWUL:4280), and Ireland. With a market capitalization of $1.26 billion and a healthy current ratio of 1.21, the firm’s primary focus is on rental housing, encompassing a substantial number of multifamily and student housing units either owned directly or financed through its credit platform. InvestingPro data shows analysts expect 17% revenue growth this year, despite the company’s current WEAK financial health score.
Since its initial public offering in 2009, Kennedy Wilson has completed transactions totaling more than $60 billion across various property types. The company prides itself on its experienced team’s ability to identify valuable opportunities and build on them throughout different market cycles.
This dividend announcement follows Kennedy Wilson’s tradition of providing returns to its investors and reflects the company’s ongoing financial performance. The information disclosed is based on a press release statement, and investors are encouraged to consider the company’s forward-looking statements with caution, as they are subject to various risks and uncertainties that could cause actual results to differ from expectations.
In other recent news, Kennedy-Wilson (NYSE:KW) Holdings, Inc. has updated its executive compensation program, as detailed in a recent SEC filing. The company’s Compensation Committee approved new carried interest award agreements for its named executive officers, increasing the cap from 35% to 50% of carried interest earned from certain commingled funds and separate account investments. This adjustment allows Kennedy-Wilson to allocate a larger portion of carried interest to its employees, including executives. The awards will vest over time, with 60% vesting in equal installments over four years, contingent on continued employment, and the remaining 40% vesting upon a liquidity event. In cases of termination, unvested awards will be forfeited, and if termination is for cause, all awards, vested or not, will be canceled. Payments for vested awards will be made in cash within 60 days after the company receives the related carried interest. A cash bonus cutback mechanism has also been introduced, adjusting an executive’s cash bonus opportunity based on carried interest payments received. Specific allocation percentages include 7.5% for CEO William J. McMorrow and 5.0% for Executive Vice President Matt Windisch, among others.
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