Understanding Kohl's's Ex-Dividend Date

On May 12, 2021, Kohl's KSS declared a dividend payable on June 23, 2021 to its shareholders. Kohl's also announced that shareholders on the company's books on or before June 9, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Kohl's has an ex-dividend date set for for June 8, 2021. The company's current dividend payout is $0.25, which equates to a dividend yield of 1.7% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Kohl's's Dividend Payouts And Yields

Over the past year, Kohl's has experienced an overall downward trend regarding its dividend payouts and yields. Last year on September 10, 2019 the company's payout was $0.67, which has since decreased by $0.42. Similarly, Kohl's's dividend yield last year was 5.45%, which has since declined by 3.75%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Kohl's's previous dividends.