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Before Thursday’s opening bell, Kohl’s (KSS ) reported higher fourth quarter results, which beat analysts’ estimates.
Chairman, President and CEO Kevin Mansell commented: “Our fourth quarter results showed significant improvement as many of our Greatness Agenda initiatives took hold. Our 3.7% increase in comparable sales was driven by both transactions per store – a key area of focus – and average transaction value.”
The retailer announced that it has boosted its quarterly dividend by 15% to 45 cents quarterly. The next dividend will be paid on March 25 to shareholders of record on March 11.
Shares of KSS were up $1.60, or 2.26%, during pre-market trading Thursday. The stock is up 16.15% YTD.