Top 5 Dividend Stock Picks of Chuck Royce’s Royce & Associates

2. Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Number of Hedge Fund Holders: 14
Dividend Yield as of March 2: 4.52%
Royce & Associates’ Stake Value: $129,716,000

An American real estate investment trust, Kennedy-Wilson Holdings, Inc. (NYSE:KW) was the third-largest holding of Royce & Associates in Q4 2021. The hedge fund held shares worth just under $130 million in the company, a holding which represented 0.96% of Chuck Royce’s portfolio value.

The number of hedge funds holding stakes in Kennedy-Wilson Holdings, Inc. (NYSE:KW) grew to 14 in Q4 2021, from 13 in the previous quarter. The consolidated value of those stakes was over $588.4 million. Fairfax Financial Holdings was one of the company’s major shareholders in Q4, owning shares worth over $318 million.

Kennedy-Wilson Holdings, Inc. (NYSE:KW) temporarily stopped increasing its dividends in 2020 due to the Covid-19 pandemic. Before that, the company held a 9-year track record of consistent dividend growth. In 2021, Kennedy-Wilson Holdings, Inc. (NYSE:KW) raised its quarterly dividend by 9% to $0.24 per share, with a dividend yield of 4.52%, as of March 2.