K-Bro Linen Inc. to Issue Sep 25 Dividend of $0.10 (TSE:KBL)

Key Points

• K-Bro Linen Inc. declared a dividend of $0.10 per share to be paid on October 15th, with a record date of September 30th.
• As of midday trading on September 15th, K-Bro Linen shares traded at C$36.75, experiencing a decline of C$0.65.
• The company specializes in healthcare and hospitality laundry services across Canada, holding a market capitalization of C$472.61 million.

K-Bro Linen Inc. (TSE:KBL - Get Free Report) announced a sep 25 dividend on Monday, September 15th, RTT News reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.10 per share on Wednesday, October 15th.

K-Bro Linen Stock Performance

Shares of K-Bro Linen stock traded up C$0.14 during trading on Friday, hitting C$36.55. 13,954 shares of the company's stock traded hands, compared to its average volume of 16,596. The stock has a market capitalization of C$470.03 million, a P/E ratio of 21.01, a PEG ratio of 3.50 and a beta of 0.63. The company has a debt-to-equity ratio of 102.23, a current ratio of 2.08 and a quick ratio of 0.87. The business has a 50-day simple moving average of C$35.76 and a 200-day simple moving average of C$35.04. K-Bro Linen has a 1 year low of C$32.03 and a 1 year high of C$40.03.

K-Bro Linen Company Profile

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play.