2023-06-07 10:07:00 ET
Kohl's (NYSE: KSS) operates what are, essentially, department stores. This was a good business for many years, leading to meaningful growth. However, consumers have increasingly gravitated away from department stores in recent times, leading this retailer to struggle at growing its business. Revenue, for example, is down nearly 5% from where it was a decade ago. But that's not the only problem.
Kohl's probably shows up on the dividend short list of many income-focused investors. The reason? It has a huge 11.1% yield today. After a long string of annual increases, the dividend was cut in 2020. That's not too shocking given the impact the early efforts to slow the spread of the coronavirus had on retailers .
Image source: Getty Images.
For further details see:
Can This High-Yield Stock Pay Down Debt and Support Its Dividend at the Same Time?