• Elmira Savings Bank (ESBK) cut its quarterly dividend to 15 cents a share, from 23 cents. Out of the $1.5 billion it just borrowed, Kohl's has earmarked approximately $1 billion to refinance existing debt. (TMFRhianHunt) Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.Now relying on online sales and curbside pickup due to the coronavirus pandemic, Kohl's furloughed most of its workforce, while its CEO Michelle Gass has waived her salary during the crisis. © 2020 Market data provided is at least 10-minutes delayed and hosted by
Kohl's shares already started trading downward on April 1 as While the terms of the new credit facility with Wells Fargo call for restricted dividends if Kohl's borrows more than $1 billion on it, the company's board of directors had already decided to suspend dividends the day before, April 15. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Learn everything you need to know about successful options trading with this three-part video course.Looking for new stock ideas? See what's happening in the market right now with MarketBeat's real-time news feed.
Export data to Excel for your own analysis. Stock Market Kohl's said it's still committed to paying the dividend and that its shareholders can expect their payments to resume once the retailer sees "stabilization in the environment. Investing Basics KSS was up 7.5% yesterday. • National Oilwell Varco (NOV) suspended its quarterly dividendof 5 cents a share. Cumulative Growth of a $10,000 Investment in Stock AdvisorKohl’s Suspends Its Dividend Payments After Securing $1.5 Billion in Revolving Credit @themotleyfool #stocks $KSS Personal Finance Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. Returns as of 08/01/2020. KSS Dividend Growth. The news about the company's dividend decision won't come as a surprise to many shareholders.
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