Knoll Inc. (KNL) Plans Quarterly Dividend of $0.12
Knoll (NYSE:KNL) announced a quarterly dividend on Wednesday, February 5th, ARN reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.12 per share on Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Wednesday, March 12th.
A number of research firms have recently commented on KNL. Analysts at Zacks upgraded shares of Knoll from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, December 19th. They now have a $17.50 price target on the stock.
Shares of Knoll (NYSE:KNL) traded down 5.06% on Wednesday, hitting $15.01. 538,929 shares of the company’s stock traded hands. Knoll has a 52 week low of $13.46 and a 52 week high of $18.69. The stock’s 50-day moving average is $17.1 and its 200-day moving average is $16.74. The company has a market cap of $708.0 million and a price-to-earnings ratio of 18.87.
Knoll (NYSE:KNL) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.01. The company had revenue of $230.90 million for the quarter, compared to the consensus estimate of $220.70 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was down 7.6% on a year-over-year basis. On average, analysts predict that Knoll will post $0.71 earnings per share for the current fiscal year.
Knoll, Inc is a designer and manufacturer of workplace furnishings, textiles and fine leathers. The Company operates in three segments: Office, Studio and Coverings.
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