Kohl’s Co. (KSS) Announces Quarterly Dividend of $0.67

Kohl’s Co. (NYSE:KSS) announced a quarterly dividend on Tuesday, May 21st, RTT News reports. Shareholders of record on Wednesday, June 12th will be given a dividend of 0.67 per share on Wednesday, June 26th. This represents a $2.68 annualized dividend and a dividend yield of 4.89%.

Kohl’s has raised its dividend payment by an average of 10.7% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Kohl’s has a dividend payout ratio of 49.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kohl’s to earn $6.24 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 42.9%.

Shares of KSS traded down $8.05 during mid-day trading on Tuesday, hitting $54.86. 6,959,837 shares of the company traded hands, compared to its average volume of 3,489,389. Kohl’s has a 1-year low of $58.66 and a 1-year high of $83.28. The company has a quick ratio of 0.50, a current ratio of 1.77 and a debt-to-equity ratio of 0.61. The company has a market cap of $10.38 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 1.08 and a beta of 0.77.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, May 21st. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.06). Kohl’s had a net margin of 3.95% and a return on equity of 16.97%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the company earned $0.64 EPS. The business’s revenue was down 3.3% compared to the same quarter last year. On average, research analysts anticipate that Kohl’s will post 6.03 EPS for the current fiscal year.

Several research firms have recently issued reports on KSS. Zacks Investment Research downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Bank of America restated a “buy” rating and set a $80.00 price objective on shares of Kohl’s in a report on Wednesday, March 13th. Guggenheim restated a “buy” rating and set a $80.00 price objective on shares of Kohl’s in a report on Tuesday, March 5th. Finally, Atlantic Securities upgraded shares of Kohl’s from an “underweight” rating to a “neutral” rating and set a $71.50 price objective on the stock in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $75.58.

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Kohl’s Company Profile

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

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Dividend History for Kohl`s (NYSE:KSS)

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