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Kennedy Wilson cuts quarterly dividend to 12c per share

Kennedy Wilson announced that the company will pay a dividend of 12c per share or 48c per share annually to common shareholders of record as of June 28, 2024, with a payment date of July 5, 2024. The resized dividend rate will allow the company to retain $66M per year, strengthening the company’s ability to grow its investment management business, repurchase securities, and reduce leverage.

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