Kohl’s Declares Quarterly Dividend

Rhea-AI Summary

Kohl’s Corporation (KSS) announces a regular quarterly dividend of $0.50 per share on its common stock, payable on April 3, 2024.

Financial Analyst

Dividend declarations are a significant indicator of a company's financial health and its commitment to returning value to shareholders. Kohl's Corporation's announcement of a $0.50 per share quarterly dividend signals confidence in its ongoing cash flow and profitability. This move can be particularly attractive to income-focused investors who value steady dividend payments. It is important to analyze the dividend yield, which is the dividend per share divided by the stock price, as it provides insight into the return on investment from dividends alone.

Investors should also consider the payout ratio, the proportion of earnings paid out as dividends, to assess sustainability. A payout ratio that is too high may not be sustainable in the long term, whereas a low ratio could indicate that the company has ample room to increase dividends or reinvest in growth opportunities. Comparing Kohl's dividend policies and performance with industry peers can shed light on its competitive position.

Market Research Analyst

The retail sector has faced numerous challenges, including competitive pressures from e-commerce platforms and changing consumer behaviors. Kohl’s decision to maintain a dividend amidst such a landscape suggests a strategic move to maintain investor loyalty and attract new shareholders looking for reliable dividend stocks. This announcement could influence the stock's attractiveness in the market, potentially impacting its price.

Market sentiment towards dividends can also reflect expectations of future performance. A consistent dividend may imply that Kohl's expects stable or growing revenue and profits. However, investors should be cautious and consider the overall financials of the company, including debt levels, cash reserves and capital expenditure plans, which can also affect future dividend sustainability and growth.

MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- The Board of Directors of Kohl’s Corporation (NYSE:KSS) today declared a regular quarterly dividend of $0.50 per share on the Company’s common stock. The dividend is payable April 3, 2024, to shareholders of record at the close of business on March 20, 2024.

About Kohl’s

Kohl’s (NYSE: KSS) is a leading omnichannel retailer built on a foundation that combines great brands, incredible value and convenience for our customers. Kohl's serves millions of families in our more than 1,100 stores in 49 states, online at Kohls.com, and through our Kohl's App. For a list of store locations or to shop online, visit Kohls.com. For more information about Kohl’s impact in the community or how to join our winning team, visit Corporate.Kohls.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240228622050/en/

Investor Relations:

Mark Rupe, (262) 703-1266, mark.rupe@kohls.com



Media:

Jen Johnson, (262) 703-5241, jen.johnson@kohls.com

Source: Kohl's

What dividend did Kohl’s Corporation (KSS) declare on its common stock?

Kohl’s Corporation declared a regular quarterly dividend of $0.50 per share on its common stock.

When is the dividend payable to shareholders of Kohl’s Corporation (KSS)?

The dividend is payable on April 3, 2024, to shareholders of record at the close of business on March 20, 2024.