Kenon Holdings Ltd. (NYSE:KEN) Announces — Dividend of $3.80

Kenon Holdings Ltd. (NYSE:KEN) announced a — dividend on Tuesday, March 26th, Wall Street Journal reports. Shareholders of record on Monday, April 8th will be given a dividend of 3.80 per share by the utilities provider on Monday, April 15th. This represents a yield of 10.5%. The ex-dividend date is Friday, April 5th. This is an increase from Kenon’s previous — dividend of $2.79.

Kenon Stock Performance

Kenon stock opened at $26.40 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.79 and a quick ratio of 2.79. Kenon has a fifty-two week low of $17.64 and a fifty-two week high of $32.39. The stock’s fifty day moving average is $24.89 and its two-hundred day moving average is $23.34.

Institutional Trading of Kenon

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Kenon by 7.8% during the fourth quarter. Vanguard Group Inc. now owns 756,605 shares of the utilities provider’s stock valued at $18,416,000 after acquiring an additional 54,901 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Kenon by 144.7% during the second quarter. JPMorgan Chase & Co. now owns 143,261 shares of the utilities provider’s stock worth $3,328,000 after buying an additional 84,704 shares during the period. Goldman Sachs Group Inc. lifted its position in Kenon by 577.2% during the first quarter. Goldman Sachs Group Inc. now owns 104,766 shares of the utilities provider’s stock worth $7,116,000 after buying an additional 89,295 shares during the period. Citigroup Inc. lifted its position in Kenon by 14.9% during the third quarter. Citigroup Inc. now owns 93,510 shares of the utilities provider’s stock worth $2,123,000 after buying an additional 12,153 shares during the period. Finally, BlackRock Inc. lifted its position in Kenon by 7.3% during the first quarter. BlackRock Inc. now owns 85,606 shares of the utilities provider’s stock worth $2,517,000 after buying an additional 5,817 shares during the period. Institutional investors and hedge funds own 13.38% of the company’s stock.

About Kenon

Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.