Kadant Inc (KAI) to Issue Quarterly Dividend of $0.36 on November 12th

Kadant Inc (NYSE:KAI) announced a quarterly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be given a dividend of 0.36 per share by the industrial products company on Thursday, November 12th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 15th.

Kadant has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Kadant has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kadant to earn $14.04 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 10.3%.

Kadant Price Performance

NYSE:KAI opened at $266.76 on Friday. Kadant has a 52 week low of $244.87 and a 52 week high of $354.07. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $3.15 billion, a P/E ratio of 28.68 and a beta of 1.17. The stock’s fifty day moving average is $309.55 and its two-hundred day moving average is $312.64.

Kadant (NYSE:KAI) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.48. The business had revenue of $312.88 million during the quarter, compared to analysts’ expectations of $299.17 million. Kadant had a return on equity of 13.16% and a net margin of 9.52%.The company’s revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.31 EPS. Kadant has set its FY 2026 guidance at 12.430-12.680 EPS and its Q3 2026 guidance at 2.900-3.000 EPS. Equities analysts expect that Kadant will post 12.56 EPS for the current year.

Kadant declared that its board has approved a share buyback plan on Thursday, May 21st that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to reacquire up to 1.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Kadant Company Profile

Kadant Inc (NYSE: KAI) is a global supplier of technologies and equipment used in the production of paper and other industrial products. The company develops solutions that help customers manage fluid flow, process raw materials, remove contaminants, and improve the efficiency and sustainability of manufacturing operations.

Its products and services include fluid-handling equipment, doctoring and cleaning systems, stock-preparation equipment, granulators, screens, filtration systems, steam and condensate systems, and related process technologies.