Knoll Inc (NYSE:KNL) announced a quarterly dividend on Tuesday, December 4th, NASDAQ reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.15 per share by the business services provider on Monday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Thursday, December 13th.

Knoll has increased its dividend payment by an average of 7.7% annually over the last three years. Knoll has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Knoll to earn $2.01 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 29.9%.

Knoll stock traded down $0.13 during mid-day trading on Friday, reaching $17.94. The stock had a trading volume of 344,548 shares, compared to its average volume of 217,384. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.60 and a current ratio of 1.28. Knoll has a fifty-two week low of $17.86 and a fifty-two week high of $24.29. The stock has a market capitalization of $893.00 million, a PE ratio of 13.00 and a beta of 1.04.

Knoll (NYSE:KNL) last announced its quarterly earnings data on Monday, October 29th. The business services provider reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. The firm had revenue of $327.70 million during the quarter, compared to analysts’ expectations of $327.67 million. Knoll had a return on equity of 21.51% and a net margin of 6.44%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 earnings per share. Research analysts forecast that Knoll will post 1.79 EPS for the current year.

In related news, Director John F. Maypole bought 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The shares were bought at an average price of $20.01 per share, with a total value of $30,015.00. Following the completion of the transaction, the director now directly owns 27,622 shares in the company, valued at $552,716.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is owned by insiders.

KNL has been the topic of several analyst reports. Zacks Investment Research cut Knoll from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine cut Knoll from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th.

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About Knoll

Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, textiles, fine leathers, and felt for the workplace and residential markets in the United States, Canada, and Europe. The company operates through three segments: Office, Studio, and Coverings.

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Dividend History for Knoll (NYSE:KNL)

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