K-Bro Linen Inc. (KBL) to Issue Monthly Dividend of $0.10 on May 15th

K-Bro Linen Inc. (TSE:KBL) 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 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Monday, April 29th.

K-Bro Linen Trading Up 1.5 %

KBL opened at C$35.40 on Friday. K-Bro Linen has a twelve month low of C$27.60 and a twelve month high of C$37.04. 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 company has a fifty day moving average of C$34.54 and a 200-day moving average of C$33.81. The stock has a market cap of C$374.53 million, a PE ratio of 21.59, a price-to-earnings-growth ratio of 3.50 and a beta of 1.11.

K-Bro Linen (TSE:KBL) last posted its quarterly earnings data on Thursday, March 21st. The company reported C$0.40 earnings per share for the quarter, missing the consensus estimate of C$0.61 by C($0.21). The firm had revenue of C$82.46 million for the quarter, compared to analyst estimates of C$80.10 million. K-Bro Linen had a return on equity of 10.03% and a net margin of 5.49%. On average, sell-side analysts predict that K-Bro Linen will post 2.0010983 EPS for the current year.

Analyst Ratings Changes

Separately, TD Securities raised their price target 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.

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.