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

Kohl’s Corporation (NYSE:KSS) announced a quarterly dividend on Wednesday, February 25th. Stockholders of record on Wednesday, March 18th will be paid a dividend of 0.125 per share on Wednesday, April 1st. This represents a c) annualized dividend 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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities 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 Trading Up 1.4%

NYSE KSS traded up $0.25 during mid-day trading on Thursday, reaching $17.41. 1,038,529 shares of the stock were exchanged, compared to its average volume of 3,444,076. The stock has a market cap of $1.95 billion, a P/E ratio of 10.08 and a beta of 1.44. The stock has a 50 day simple moving average of $19.39 and a 200-day simple moving average of $17.96. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.30 and a quick ratio of 0.12. Kohl’s has a one year low of $6.04 and a one year high of $25.22.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.29. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Kohl’s had a return on equity of 4.30% and a net margin of 1.23%.The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 EPS. On average, analysts anticipate that Kohl’s will post 1.3 EPS for the current 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.