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

K-Bro Linen Inc. (TSE:KBL) declared a monthly dividend on Monday, April 15th, Zacks reports. Shareholders 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 yield of 3.38%. The ex-dividend date is Monday, April 29th.

K-Bro Linen Trading Up 1.9 %

K-Bro Linen stock opened at C$35.50 on Wednesday. The company’s fifty day simple moving average is C$34.35 and its 200-day simple moving average is C$33.62. The company has a quick ratio of 0.87, a current ratio of 1.73 and a debt-to-equity ratio of 70.83. K-Bro Linen has a 12 month low of C$27.60 and a 12 month high of C$37.04. The stock has a market cap of C$375.59 million, a P/E ratio of 21.65, a P/E/G ratio of 3.50 and a beta of 1.11.

K-Bro Linen (TSE:KBL) last issued its quarterly earnings data 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 business 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%. As a group, sell-side analysts forecast that K-Bro Linen will post 2.0010983 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, TD Securities boosted their target price on shares of K-Bro Linen from C$43.00 to C$45.00 and gave the stock a “buy” rating in a research report on Monday, March 25th.

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.