Knoll, Inc. (NYSE:KNL) announced a quarterly dividend on Tuesday, December 5th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.15 per share by the business services provider on Friday, December 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, December 14th.

Knoll has raised its dividend by an average of 7.7% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Knoll has a payout ratio of 42.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Knoll to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 37.7%.

Knoll (KNL) traded up $0.04 on Tuesday, hitting $21.29. 305,100 shares of the stock were exchanged, compared to its average volume of 395,670. The stock has a market capitalization of $1,048.69, a price-to-earnings ratio of 14.86 and a beta of 1.07. Knoll has a 12 month low of $16.57 and a 12 month high of $28.40. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.31 and a quick ratio of 0.62.

Knoll (NYSE:KNL) last posted its quarterly earnings data on Monday, October 23rd. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $291.26 million for the quarter, compared to analyst estimates of $277.40 million. Knoll had a net margin of 6.21% and a return on equity of 21.94%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. analysts forecast that Knoll will post 1.42 earnings per share for the current year.

A number of analysts have recently issued reports on the stock. Sidoti assumed coverage on shares of Knoll in a research note on Wednesday, August 16th. They set a “buy” rating and a $28.00 price objective on the stock. TheStreet lowered shares of Knoll from a “b-” rating to a “c+” rating in a research note on Thursday, September 7th. Zacks Investment Research lowered shares of Knoll from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Raymond James Financial upgraded shares of Knoll from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Monday, August 28th. Finally, UBS upgraded shares of Knoll from a “market perform” rating to an “outperform” rating in a research note on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $24.00.

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Knoll Company Profile

Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.

Dividend History for Knoll (NYSE:KNL)

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