Kohl’s Corporation (NYSE:KSS – Get Free Report) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Wednesday, June 10th will be given a dividend of 0.125 per share on Wednesday, June 24th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, June 10th.
Kohl’s has decreased its dividend by an average of 0.1%per year over the last three years. Kohl’s has a dividend payout ratio of 98.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Kohl’s to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 35.5%.
Kohl’s Price Performance
Kohl’s stock opened at $12.23 on Thursday. Kohl’s has a one year low of $7.47 and a one year high of $25.22. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 1.46. The business has a fifty day moving average of $13.42 and a two-hundred day moving average of $17.22. The company has a market cap of $1.37 billion, a P/E ratio of 5.18 and a beta of 1.46.
Kohl’s Company Profile
Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.
The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.
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