Knoll Declares Cash Dividend
05 August 2020 - 6:58AM
Knoll, Inc. (NYSE:KNL), a constellation of design-drive brands for
the workplace and home, today announced that the Company's Board of
Directors declared a quarterly cash dividend of $0.06 per
share payable September 30, 2020 to shareholders of
record on September 15, 2020.
“With our strengthened balance sheet and
stabilizing performance, thanks to our increasing mix of work from
home and residential offerings, we are pleased to increase our
third quarter dividend by 50%, from $0.04 to $0.06 per share,”
commented Knoll Chairman and CEO, Andrew Cogan.
The declaration and payment of dividends is
subject to the discretion of the Board of Directors and depends on
various factors, including our net income, restrictions in our
credit facility, financial position, cash requirements and other
factors deemed relevant by our Board of Directors.
About Knoll
Knoll, Inc. is a constellation of
design-driven brands and people, working together with our clients
to create inspired modern interiors. Our internationally
recognized portfolio includes furniture, textiles, leathers,
lighting, accessories, and architectural and acoustical
elements. Our brands — Knoll Office, KnollStudio,
KnollTextiles, KnollExtra, Spinneybeck |
FilzFelt, Edelman Leather, HOLLY HUNT, DatesWeiser,
Muuto, and Fully — reflect our commitment to modern design that
meets the diverse requirements of high-performance workplaces and
luxury interiors. A recipient of the National Design Award
for Corporate and Institutional Achievement from the Smithsonian's
Cooper-Hewitt, National Design Museum, Knoll, Inc. is
aligned with the U.S. Green Building Council and
the Canadian Green Building Council and can help
organizations achieve the Leadership in Energy and Environmental
Design (LEED) workplace certification. Our products can also
help clients comply with the International Living Future
Institute to achieve Living Building Challenge
Certification, and with the International WELL Building
Institute to attain WELL Building Certification.
Knoll, Inc. is the founding sponsor of the World Monuments
Fund Modernism at Risk program.
Contacts
Investors:Charles Rayfield Senior Vice President and Chief
Financial Officer Tel 215 679-1703 crayfield@knoll.com
Media:David E. Bright Senior Vice President, Communications Tel
212 343-4135 dbright@knoll.com
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