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Kohl's increases quarterly dividend by 11%

Kohl's Corp. said March 1 that it declared a quarterly cash dividend of 61 cents per share, an 11% increase over its previous quarterly dividend.

The U.S. retailer said that the dividend will be paid out on March 28 to shareholders of record as of March 14.

Kohl's also provided its earnings guidance for fiscal 2018, saying it expects earnings per diluted share to be between $4.95 and $5.45 for the full year. The outlook is based on a number of assumptions, including but not limited to a comparable sales change of 0% to 2%, effective tax rate of 24% to 25% and $300 to $400 million in share repurchases.