Knoll Declares Cash Dividend

Rhea-AI Summary

Knoll, Inc. (NYSE:KNL) has declared a quarterly cash dividend of $0.06 per share, payable on March 31, 2021, to shareholders on record as of March 15, 2021. The dividend declaration is contingent upon various factors including net income and financial position. Knoll is known for its design-driven brands that cater to workplace and home interiors, reflecting a commitment to modern design and sustainability.

Positive

• Quarterly cash dividend of $0.06 per share announced.
• Demonstrates the company's commitment to returning value to shareholders.

Negative

• Dividend declaration subject to Board's discretion and financial conditions.
• Dependence on net income and cash requirements could limit future dividend payments.

EAST GREENVILLE, Pa., Feb. 04, 2021 (GLOBE NEWSWIRE) -- 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 March 31, 2021 to shareholders of record on March 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 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 for Knoll (KNL) in 2021?

Knoll has declared a quarterly cash dividend of $0.06 per share.

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

The dividend will be paid on March 31, 2021.

What is the record date for Knoll's dividend payment in 2021?

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

Is the dividend payment from Knoll (KNL) sustainable?

The sustainability of the dividend depends on various financial factors, including net income and cash requirements.