Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Knoll reduces quarterly dividend

Sunday 3 May 2009

Office furniture maker Knoll Inc (KNL.N) slashed its quarterly dividend by 83 percent to preserve cash.
The company, which lowered its dividend to 2 cents a share from 12 cents, expects to save about $18.7 million annually.
\"In the midst of a substantial decline in industry demand, our focus is to use free cash flow to pay down debt,\" Chief Executive Andrew Cogan said in a statement.
Shares of the East Greenville, Pennsylvania-based company closed at $7.51 Monday on the New York Stock Exchange.

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JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England


+44 (0) 20 7688 1928