Kohl's Corporation's Board of Directors declared a regular quarterly dividend of $0.125 per share on the company's common stock. This represents a significant reduction from the previous quarterly dividend of $0.50 per share.
The reduced dividend is payable on June 25, 2025, to shareholders of record at the close of business on June 11, 2025. This action aligns with the company's stated focus on strengthening its balance sheet and rebuilding its cash position.
The 75% dividend cut underscores the financial pressures Kohl's is facing and its commitment to conserving capital amidst its ongoing turnaround efforts and challenging macroeconomic environment.
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