Kohl's (KSS) Stock Up On Q4 Earnings Beat & Dividend Hike
Zacks Investment Research | Mar 02, 2020 09:57PM ET
Kohl's Corporation (NYSE:KSS) reported fourth-quarter fiscal 2019 results, wherein both top and bottom lines came ahead of the Zacks Consensus Estimate. Moreover, management announced a 5% hike in its quarterly cash dividend on Feb 26, taking it to 70.4 cents per share. This is payable on Apr 1 to stockholders of record, as of Mar 18. Shares of the company were up more than 5% during the pre-market trading session on Mar 3.
Kohl’s adjusted earnings of $1.99 per share surpassed the Zacks Consensus Estimate of $1.88. However, the bottom line declined 11% on a year-over-year basis. The downside can be accountable to reduced gross margin and increased SG&A expenses.
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