K-Bro Linen Inc. (TSE:KBL - Get Free Report) announced a monthly dividend on Monday, April 15th, Zacks reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.10 per share on Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Monday, April 29th.
K-Bro Linen Stock Up 0.4 %
Shares of KBL traded up C$0.15 during mid-day trading on Wednesday, reaching C$35.65. 3,977 shares of the stock traded hands, compared to its average volume of 8,158. The company has a quick ratio of 0.87, a current ratio of 1.73 and a debt-to-equity ratio of 70.83. The stock has a fifty day simple moving average of C$34.35 and a 200 day simple moving average of C$33.62. The firm has a market cap of C$377.18 million, a price-to-earnings ratio of 21.68, a P/E/G ratio of 3.50 and a beta of 1.11. K-Bro Linen has a 12-month low of C$27.60 and a 12-month high of C$37.04.
K-Bro Linen (TSE:KBL - Get Free Report) last issued its quarterly earnings results on Thursday, March 21st. The company reported C$0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.61 by C($0.21). The company had revenue of C$82.46 million during the quarter, compared to the consensus estimate of C$80.10 million. K-Bro Linen had a return on equity of 10.03% and a net margin of 5.49%. Sell-side analysts expect that K-Bro Linen will post 2.0010983 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, TD Securities lifted their price objective on shares of K-Bro Linen from C$43.00 to C$45.00 and gave the stock a "buy" rating in a report on Monday, March 25th.
Read Our Latest Report on K-Bro Linen
K-Bro Linen Company Profile
(
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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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