Knoll, Inc. (NYSE:KNL) declared a quarterly dividend on Tuesday, December 5th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.15 per share by the business services provider on Friday, December 29th. This represents a $0.60 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Thursday, December 14th.

Knoll has increased its dividend payment by an average of 7.7% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Knoll has a payout ratio of 42.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Knoll to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 37.7%.

Knoll (NYSE:KNL) traded down $0.14 during mid-day trading on Friday, reaching $20.46. 173,515 shares of the company’s stock traded hands, compared to its average volume of 251,217. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.31 and a quick ratio of 0.62. The company has a market capitalization of $1,016.85, a P/E ratio of 14.41 and a beta of 1.07. Knoll has a 12 month low of $16.57 and a 12 month high of $28.40.

Knoll (NYSE:KNL) last announced its quarterly earnings data on Monday, October 23rd. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Knoll had a net margin of 6.21% and a return on equity of 21.94%. The company had revenue of $291.26 million during the quarter, compared to analysts’ expectations of $277.40 million. During the same quarter in the prior year, the company posted $0.44 EPS. The business’s revenue was down .3% on a year-over-year basis. sell-side analysts expect that Knoll will post 1.42 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on KNL shares. Zacks Investment Research raised shares of Knoll from a “strong sell” rating to a “hold” rating in a research note on Monday, October 2nd. TheStreet downgraded shares of Knoll from a “b-” rating to a “c+” rating in a research report on Thursday, September 7th. Sidoti initiated coverage on shares of Knoll in a research report on Wednesday, August 16th. They issued a “buy” rating and a $28.00 price target on the stock. UBS upgraded shares of Knoll from a “market perform” rating to an “outperform” rating in a report on Monday, August 28th. Finally, Raymond James Financial upgraded shares of Knoll from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Knoll presently has an average rating of “Hold” and an average price target of $24.00.

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Knoll Company Profile

Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.

Dividend History for Knoll (NYSE:KNL)

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