Analyzing Kohl's's Ex-Dividend Date

Kohl's KSS declared a dividend payable on September 22, 2021 to its shareholders as of August 11, 2021. It was also announced that shareholders of Kohl's's stock as of September 8, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Kohl's has an ex-dividend date planned for September 7, 2021. The company's current dividend payout sits at $0.25. That equates to a dividend yield of 1.82% at current price levels.

What Are 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.

Kohl's's Dividend Payouts And Yields

Over the past year, Kohl's has seen its dividend payouts and yields descend downward overall. Last year on December 10, 2019 the company's payout sat at $0.67, which has since decreased by $0.42. Kohl's's dividend yield last year was 4.59%, which has since declined by 2.77%.
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.

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