Knoll Declares Cash Dividend

Rhea-AI Summary

Knoll, Inc. (NYSE:KNL) announced a quarterly cash dividend of $0.06 per share, payable on June 30, 2021, to shareholders of record on June 15, 2021. The decision on the dividend payment is contingent upon various factors including net income, financial stability, and implications from the merger agreement with Herman Miller, Inc. Knoll emphasizes its commitment to modern design and sustainability, aligning with green building standards.

Positive

• Quarterly cash dividend of $0.06 per share provides income for shareholders.
• Strong commitment to sustainability aligns with green building standards.

Negative

• Dividend declaration is subject to Board discretion and financial conditions.
• Potential financial pressure from the merger agreement with Herman Miller, Inc.

EAST GREENVILLE, Pa., May 13, 2021 (GLOBE NEWSWIRE) -- Knoll, Inc. (NYSE:KNL), a constellation of design-driven 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 June 30, 2021 to shareholders of record on June 15, 2021. 

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, our merger agreement with Herman Miller, Inc. 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 in person and digitally to create inspired modern interiors. Our internationally recognized portfolio includes furniture, textiles, leathers, 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, work from home settings and luxury residential 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 

FAQ

What is the dividend amount announced by Knoll, Inc. (KNL)?

Knoll, Inc. has announced a quarterly cash dividend of $0.06 per share.

When will the dividend be paid to shareholders of Knoll, Inc. (KNL)?

The dividend will be payable on June 30, 2021.

What is the record date for Knoll, Inc.'s dividend payment?

The record date for the dividend payment is June 15, 2021.

Is the dividend from Knoll, Inc. (KNL) sustainable?

The sustainability of the dividend depends on various factors including net income and financial position.

What factors influence Knoll, Inc.'s dividend declaration?

Factors include net income, restrictions in the credit facility, and the merger agreement with Herman Miller, Inc.