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

by · The Cerbat Gem

K-Bro Linen Inc. (TSE:KBL – Get Free Report) declared a monthly dividend on Tuesday, October 15th, Zacks reports. Shareholders of record on Thursday, October 31st will be given a dividend of 0.10 per share on Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Thursday, October 31st.

K-Bro Linen Stock Performance

TSE KBL opened at C$34.42 on Thursday. The stock has a market cap of C$360.03 million, a PE ratio of 21.25, a P/E/G ratio of 3.50 and a beta of 1.08. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80. The firm has a 50-day moving average of C$35.79 and a 200-day moving average of C$34.75. K-Bro Linen has a 52-week low of C$30.35 and a 52-week high of C$37.74.

K-Bro Linen (TSE:KBL – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.51 by C$0.08. K-Bro Linen had a net margin of 5.03% and a return on equity of 9.76%. The firm had revenue of C$93.47 million during the quarter, compared to the consensus estimate of C$88.57 million. On average, sell-side analysts anticipate that K-Bro Linen will post 2.3389262 EPS for the current year.

Insider Buying and Selling

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. 3.25% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on K-Bro Linen

About K-Bro Linen

(Get Free Report)

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.

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