Kennedy-Wilson Shares Plunge 5.92% to 1-Year Low

Kennedy-Wilson (KW) shares plummeted 5.92% today, marking the fourth consecutive day of decline, with a total drop of 22.42% over the past four days. The share price hit a record low today, with an intraday decline of 7.04%.

Kennedy-Wilson Holdings, Inc.'s stock has reached a new 1-year low, potentially influenced by the company's current dividend payout ratio of -85.71%. This negative payout ratio suggests that the company is not generating enough earnings to cover its dividend payments, which could be a concern for investors and contribute to the stock's decline.

Insider activity has also been a factor in the stock's performance. Director Stanley R. Zax recently purchased 41,000 shares, which could be seen as a vote of confidence in the company's future prospects. However, insider buying alone may not be enough to reverse the downward trend in the stock price.

Additionally, Vanguard Group Inc. has slightly reduced its holdings in Kennedy-Wilson Holdings, Inc. during the fourth quarter. This reduction in holdings by a major institutional investor could be contributing to the changes in stock price, as it may signal a lack of confidence in the company's future performance.