Kenon Holdings Ltd.
KENUtilities · Stock · annual payer
Forward Yield
5.84%
Annual Dividend
$3.85
Payout Ratio
312%
5-Yr Growth
16.6%
Ex-Date
Apr 13, 2026
Frequency
Annual
Summary
As of July 2026, Kenon Holdings Ltd. (KEN) yields 5.84% ($3.85 per share annually), with a blended fair-value estimate of $128.88 — +96% upside, so it screens as undervalued. Dividend safety grade: D (46/100). 2 years of dividend growth.
Is KEN a good dividend stock?
MixedKenon Holdings Ltd. (KEN) pays a annual dividend yielding 5.84% ($3.85/yr), with 2 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 16.6% 5-yr dividend growth
- 70% total price return over 5 years
Risks
- Cut its dividend in 2023
- Elevated payout ratio (312%)
- Below-average dividend safety score
Key Data
- Dividend Yield
- 5.84%
- Payout Ratio
- 312%
- Annual Dividend
- $3.85
- 5-Yr Avg Growth
- 16.6%
- Ex-Dividend Date
- Apr 13, 2026
- Years of Growth
- 2
- Frequency
- annual
- Beta
- 0.34
- Market Cap
- $3.4B
- P/E Ratio
- 42.8
- 5-Yr Total Return
- 70%
- 52-Week Range
- $41.50 – $95.93
- Dividend Safety
- D · 46/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
KEN Price — Last 12 Months
Daily close
Price Return
1 Year
+40%
3 Years
+184%
5 Years
+70%
52-Week Range
$41.50 – $95.93
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is KEN worth?
Undervaluedlow confidenceOur blended fair-value estimate for Kenon Holdings Ltd. is $128.88 per share, versus a market price of $65.91. That implies 96% of upside — a margin of safety of about 49%.
Fair Value
$128.88
Current Price
$65.91
Upside
+96%
Margin of Safety
49%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -2.8% annual free-cash-flow growth. We model 16.6% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 16.6% stage-1 growth, 2.5% terminal growth, $1.54 EPS, $3.85 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
KEN Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 13, 2026 | — | $3.8500 | regular |
| Apr 14, 2025 | — | $4.8000 | regular |
| Apr 8, 2024 | — | $3.8000 | regular |
| Apr 10, 2023 | — | $2.7900 | regular |
| Jun 27, 2022 | — | $10.2500 | regular |
| Jan 19, 2022 | — | $3.5000 | regular |
| Apr 29, 2021 | — | $1.8600 | regular |
| Nov 3, 2020 | — | $2.2300 | regular |
| Nov 18, 2019 | — | $1.2100 | regular |
| Mar 8, 2018 | — | $12.3500 | regular |
| Mar 7, 2018 | — | $12.3500 | regular |
Income Calculator
At $3.85 / yr per share
