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

K-Bro Linen Inc. (TSE:KBL - Get Free Report) declared a monthly dividend on Tuesday, October 15th, Zacks reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.10 per share on Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Thursday, October 31st.

K-Bro Linen Price Performance

Shares of K-Bro Linen stock traded up C$0.58 on Thursday, hitting C$35.00. 9,014 shares of the company were exchanged, compared to its average volume of 11,399. The stock has a market capitalization of C$366.10 million, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The company has a 50-day moving average price of C$35.76 and a 200 day moving average price of C$34.75. K-Bro Linen has a 1-year low of C$30.35 and a 1-year high of C$37.74. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82.

K-Bro Linen (TSE:KBL - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported C$0.59 earnings per share for the quarter, topping the consensus estimate of C$0.51 by C$0.08. The business had revenue of C$93.47 million for the quarter, compared to analysts' expectations of C$88.57 million. K-Bro Linen had a return on equity of 9.76% and a net margin of 5.03%. As a group, sell-side analysts predict that K-Bro Linen will post 2.3389262 earnings per share for the current fiscal year.

Insider Activity

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

Analyst Upgrades and Downgrades

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

K-Bro Linen Company Profile

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.