Knoll Inc (KNL) Plans Quarterly Dividend of $0.15

Knoll Inc (NYSE:KNL) declared a quarterly dividend on Wednesday, February 7th, Wall Street Journal reports. Investors of record on Thursday, March 15th will be paid a dividend of 0.15 per share by the business services provider on Friday, March 30th. This represents a $0.60 annualized dividend and a yield of 2.83%. The ex-dividend date is Wednesday, March 14th.

Knoll has raised its dividend payment by an average of 7.7% annually over the last three years. Knoll has a dividend payout ratio of 42.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Knoll to earn $1.66 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 36.1%.

Knoll (NYSE KNL) traded up $0.63 during trading on Wednesday, hitting $21.22. 273,873 shares of the stock traded hands, compared to its average volume of 283,758. Knoll has a 52 week low of $16.57 and a 52 week high of $27.25. The firm has a market capitalization of $1,050.00, a price-to-earnings ratio of 15.16 and a beta of 0.98. The company has a quick ratio of 0.62, a current ratio of 1.31 and a debt-to-equity ratio of 0.61.

Several equities research analysts have recently issued reports on KNL shares. TheStreet raised shares of Knoll from a “c+” rating to a “b-” rating in a research report on Friday, November 17th. Zacks Investment Research lowered shares of Knoll from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Raymond James Financial raised shares of Knoll from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from $23.00 to $26.00 in a research report on Tuesday, December 26th. Finally, ValuEngine lowered shares of Knoll from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.67.

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About Knoll

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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