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

K-Bro Linen Inc. (TSE:KBL) declared a monthly dividend on Tuesday, October 15th, Zacks reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.10 per share on Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, October 31st.

K-Bro Linen Stock Down 0.2 %

KBL stock opened at C$34.42 on Thursday. K-Bro Linen has a 52 week low of C$30.35 and a 52 week high of C$37.74. The business has a 50-day simple moving average of C$35.79 and a 200 day simple moving average of C$34.75. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82. The company has a market cap of C$360.03 million, a PE ratio of 21.25, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08.

K-Bro Linen (TSE:KBL) last issued its earnings results on Tuesday, August 6th. The company reported C$0.59 EPS for the quarter, beating the consensus estimate of C$0.51 by C$0.08. The company had revenue of C$93.47 million during the quarter, compared to analysts’ expectations of C$88.57 million. K-Bro Linen had a net margin of 5.03% and a return on equity of 9.76%. Sell-side analysts anticipate that K-Bro Linen will post 2.3389262 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Raymond James raised their target price on K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th.

Insiders Place Their Bets

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total value of C$39,611.00. Insiders own 3.25% of the company’s stock.

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.