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

K-Bro Linen Inc. (TSE:KBL) announced 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 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, October 31st.

K-Bro Linen Price Performance

Shares of TSE:KBL opened at C$34.42 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82. The stock has a market cap of C$360.03 million, a PE ratio of 21.25, a PEG ratio of 3.50 and a beta of 1.08. The company’s fifty day moving average is C$35.79 and its 200 day moving average is 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) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.51 by C$0.08. The firm 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%. Research analysts anticipate that K-Bro Linen will post 2.3389262 earnings per share for the current year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of C$36.01, for a total transaction of C$39,611.00. Insiders own 3.25% of the company’s stock.

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.