Kohl’s Corporation (NYSE:KSS) declared a quarterly dividend on Thursday, November 9th, RTT News reports. Shareholders of record on Wednesday, December 6th will be paid a dividend of 0.55 per share on Wednesday, December 20th. This represents a $2.20 annualized dividend and a yield of 5.36%.

Kohl’s Corporation has raised its dividend by an average of 12.6% per year over the last three years and has increased its dividend every year for the last 6 years. Kohl’s Corporation has a dividend payout ratio of 59.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kohl’s Corporation to earn $3.64 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 60.4%.

Shares of Kohl’s Corporation (NYSE KSS) traded up $0.28 during trading on Thursday, reaching $41.07. 21,548,689 shares of the company’s stock traded hands, compared to its average volume of 3,640,899. The stock has a market capitalization of $6,859.52, a price-to-earnings ratio of 10.51, a P/E/G ratio of 1.93 and a beta of 1.22. Kohl’s Corporation has a one year low of $35.16 and a one year high of $59.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.81 and a quick ratio of 0.34.

Kohl’s Corporation (NYSE:KSS) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.02). The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Kohl’s Corporation had a net margin of 3.63% and a return on equity of 13.16%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. sell-side analysts predict that Kohl’s Corporation will post 3.72 earnings per share for the current year.

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Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Kohl’s Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Vetr downgraded Kohl’s Corporation from a “hold” rating to a “sell” rating and set a $37.51 price objective for the company. in a report on Monday, July 17th. Royal Bank Of Canada reissued a “sell” rating and issued a $39.00 price objective on shares of Kohl’s Corporation in a report on Monday, July 24th. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 price objective on shares of Kohl’s Corporation in a report on Sunday, July 30th. Finally, BidaskClub raised Kohl’s Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $43.20.

About Kohl’s Corporation

Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company operates approximately 1,154 Kohl’s department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company’s stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.

Dividend History for Kohl`s Corporation (NYSE:KSS)

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