Kohl’s Corporation (NYSE:KSS) to Issue Quarterly Dividend of $0.13

Kohl’s Corporation (NYSE:KSS) announced a quarterly dividend on Wednesday, February 25th. Shareholders of record on Wednesday, March 18th will be paid a dividend of 0.125 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, March 18th.

Kohl’s has decreased its dividend by an average of 0.1%annually over the last three years. Kohl’s has a payout ratio of 98.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Kohl’s to earn $1.22 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 41.0%.

Kohl’s Stock Up 1.4%

NYSE KSS traded up $0.25 on Thursday, reaching $17.41. The stock had a trading volume of 1,038,529 shares, compared to its average volume of 3,444,076. The business has a 50 day moving average price of $19.39 and a 200 day moving average price of $17.96. Kohl’s has a 1 year low of $6.04 and a 1 year high of $25.22. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 10.08 and a beta of 1.44. The company has a current ratio of 1.30, a quick ratio of 0.12 and a debt-to-equity ratio of 0.99.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.29. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.37 billion. Kohl’s had a net margin of 1.23% and a return on equity of 4.30%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 earnings per share. On average, analysts forecast that Kohl’s will post 1.3 EPS for the current fiscal year.

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.