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

K-Bro Linen Inc. (TSE:KBL - Get Free Report) announced a monthly dividend on Wednesday, May 15th, Zacks reports. Stockholders of record on Friday, May 31st will be given a dividend of 0.10 per share on Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, May 31st.

K-Bro Linen Stock Down 1.4 %

Shares of KBL stock traded down C$0.49 during trading hours on Friday, reaching C$34.51. The company had a trading volume of 8,551 shares, compared to its average volume of 12,577. The company has a debt-to-equity ratio of 68.49, a quick ratio of 0.87 and a current ratio of 1.64. K-Bro Linen has a twelve month low of C$28.21 and a twelve month high of C$37.04. The company has a market capitalization of C$360.97 million, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 3.50 and a beta of 1.11. The stock's fifty day simple moving average is C$34.96 and its 200 day simple moving average is C$34.20.

K-Bro Linen (TSE:KBL - Get Free Report) last issued its quarterly earnings results on Thursday, March 21st. The company reported C$0.40 EPS for the quarter, missing analysts' consensus estimates of C$0.61 by C($0.21). The business had revenue of C$82.46 million during the quarter, compared to analysts' expectations of C$80.10 million. K-Bro Linen had a net margin of 5.27% and a return on equity of 9.90%. As a group, sell-side analysts expect that K-Bro Linen will post 2.2705128 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Acumen Capital increased their target price on K-Bro Linen from C$46.00 to C$47.50 and gave the stock a "buy" rating in a report on Wednesday, May 1st. TD Securities increased their target price on K-Bro Linen from C$45.00 to C$46.00 and gave the stock a "buy" rating in a report on Wednesday, May 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.