K-Bro Linen Inc. to Issue Monthly Dividend of $0.10 (TSE:KBL)

K-Bro Linen Inc. (TSE:KBL - Get Free Report) declared a monthly dividend on Friday, September 13th, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.10 per share on Tuesday, October 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Monday, September 30th.

K-Bro Linen Stock Performance

TSE:KBL traded up C$0.25 during midday trading on Friday, reaching C$34.84. The stock had a trading volume of 1,000 shares, compared to its average volume of 11,761. The stock has a market capitalization of C$364.43 million, a P/E ratio of 21.51, a PEG ratio of 3.50 and a beta of 1.10. The company has a debt-to-equity ratio of 107.82, a current ratio of 1.80 and a quick ratio of 0.87. K-Bro Linen has a 1-year low of C$30.03 and a 1-year high of C$37.74. The firm's fifty day simple moving average is C$35.96 and its 200-day simple moving average is C$34.70.

K-Bro Linen (TSE:KBL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$0.59 EPS for the quarter, topping the consensus estimate of C$0.51 by C$0.08. K-Bro Linen had a return on equity of 9.76% and a net margin of 5.03%. The company had revenue of C$93.47 million for the quarter, compared to the consensus estimate of C$88.57 million. On average, equities research analysts forecast that K-Bro Linen will post 2.3198942 EPS for the current fiscal year.

Insider Transactions at K-Bro Linen

In other K-Bro Linen news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the business's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total value of C$39,611.00. Company insiders own 3.25% of the company's stock.

Wall Street Analyst Weigh In

Separately, Raymond James upped their target price on K-Bro Linen from C$40.00 to C$45.00 in a research note on Thursday, August 8th.

About K-Bro Linen

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.