Kenon Holdings Ltd.
KENUtilities · Utilities - Independent Power Producers · Stock · annual payer
Forward Yield
5.81%
Annual Dividend
$3.85
Payout Ratio
168%
5-Yr Growth
16.6%
Ex-Date
Apr 13, 2026
Frequency
Annual
Key facts about KEN's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Kenon Holdings Ltd. (KEN) has a forward dividend yield of 5.81%, based on an annual dividend of $3.85 per share and a share price of $66.29.
- As of Oct 27, 2026, KEN's dividend safety grade from SmarterDividends is D (46 out of 100), which rates the dividend as unsafe.
- By SmarterDividends' count, Kenon Holdings Ltd. (KEN) has raised its dividend for 2 consecutive years as of Oct 27, 2026.
- KEN last cut its regular dividend in 2023.
- KEN's most recent ex-dividend date was Apr 13, 2026, for a dividend of $3.85 per share.
- As of Oct 27, 2026, KEN pays out 168% of its trailing 12-month earnings as dividends (its payout ratio).
- KEN's dividend has grown at an average rate of 16.6% a year over the past five years.
- As of Oct 27, 2026, KEN's 5.81% yield is 59% below its five-year average yield of 14.21%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for KEN is $98.71 per share, 49% above the $66.29 share price, so KEN screens as undervalued.
- Kenon Holdings Ltd. (KEN) pays its dividend annual, once a year.
Cite this page
SmarterDividends, "KEN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/KEN
Summary
As of Oct 27, 2026, Kenon Holdings Ltd. (KEN) yields 5.81% ($3.85 a year per share), has a dividend safety grade of D (46/100) and has 2 consecutive years of dividend increases on record.
Is KEN a good dividend stock?
MixedKenon Holdings Ltd. (KEN) pays a annual dividend yielding 5.81% ($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
- 41% total price return over 5 years
Risks
- Cut its dividend in 2023
- Elevated payout ratio (168%)
- Below-average dividend safety score
Key Data
- Dividend Yield
- 5.81%
- Payout Ratio
- 168%
- 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
- $3.5B
- P/E Ratio
- 28.9
- 5-Yr Total Return
- 41%
- 52-Week Range
- $50.78 – $95.93
- Dividend Safety
- D · 46/100
- Ever Cut?
- Yes (2023)
KEN dividend changes
Kenon Holdings Ltd. (KEN) pays a variable dividend: across the 11 payments on record since 2018, 4 were higher than the one before and 2 lower. The latest change was up 1.3% to $3.85 per share, going ex-dividend on Apr 13, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Apr 13, 2026 | Higher | $3.80 → $3.85 | +1.3% |
| Apr 8, 2024 | Higher | $2.79 → $3.80 | +36.2% |
| Apr 10, 2023 | Lower | $3.50 → $2.79 | −20.3% |
| Jan 19, 2022 | Higher | $1.86 → $3.50 | +88.2% |
| Apr 29, 2021 | Higher | $1.21 → $1.86 | +53.7% |
| Nov 18, 2019 | Lower | $12.35 → $1.21 | −90.2% |
Frequently Asked Questions
Is KEN a good dividend stock?
Mixed. Kenon Holdings Ltd. (KEN) pays a annual dividend yielding 5.81% ($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.
Is KEN undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, KEN's fair value is about $98.71 versus a $66.29 share price — so it looks undervalued (+49% vs. fair value).
Is KEN's dividend safe?
KEN has a dividend-safety grade of D (46/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.
What is KEN's fair value?
Our blended fair-value estimate for KEN is about $98.71 per share, roughly 49% above the current $66.29 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is KEN a buy, hold, or sell?
We don't issue formal ratings, but on the data KEN screens as "mixed" and undervalued. Kenon Holdings Ltd. (KEN) pays a annual dividend yielding 5.81% ($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. This is research for your own analysis, not investment advice.
Will KEN cut its dividend?
KEN earns a dividend-safety grade of D (46/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does KEN pay a dividend?
Yes. Kenon Holdings Ltd. pays a annual dividend of about $3.85 per share annually, a forward yield of roughly 5.81%.
What is KEN's dividend yield?
As of Oct 27, 2026, KEN's forward dividend yield is 5.81%, based on a $3.85 annual dividend and a $66.29 share price.
What is KEN's dividend per share?
As of Oct 27, 2026, KEN pays $3.85 per share per year, distributed on a annual basis.
What is KEN's dividend payout ratio?
As of Oct 27, 2026, KEN's payout ratio is 168% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has KEN grown its dividend?
As of Oct 27, 2026, KEN has increased its dividend for 2 consecutive years.
When is the next KEN ex-dividend date?
As of Oct 27, 2026, KEN's next ex-dividend date hasn't been announced. The most recent was Apr 13, 2026, for $3.85 per share.
KEN Price — Last 12 Months
Daily close
Price Return
1 Year
+7%
3 Years
+194%
5 Years
+41%
52-Week Range
$50.78 – $95.93
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is KEN worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Kenon Holdings Ltd. is $98.71 per share, versus a market price of $66.29. That implies 49% of upside — a margin of safety of about 33%.
Fair Value
$98.71
Current Price
$66.29
Upside
+49%
Margin of Safety
33%
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 4.5% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $2.29 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
Full KEN dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 13, 2026 | Apr 20, 2026 | $3.8500 | regular |
| Apr 14, 2025 | Apr 21, 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 | Mar 22, 2018 | $12.3500 | regular |
Income Calculator
At $3.85 / yr per share
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