Kohl’s Corporation (NYSE:KSS – Get Free Report) declared a quarterly dividend on Tuesday, August 18th. Stockholders of record on Wednesday, September 9th will be given a dividend of 0.125 per share on Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, September 9th.
Kohl’s has decreased its dividend by an average of 0.1%per year over the last three years. Kohl’s has a 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 $1.40 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 35.7%.
Kohl’s Stock Down 3.0%
NYSE KSS opened at $18.70 on Wednesday. The business’s fifty day simple moving average is $18.10 and its 200-day simple moving average is $16.02. The company has a quick ratio of 0.31, a current ratio of 1.48 and a debt-to-equity ratio of 0.93. The firm has a market cap of $2.12 billion, a PE ratio of 7.93 and a beta of 1.40. Kohl’s has a 52 week low of $11.38 and a 52 week high of $25.22.
About Kohl’s
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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