Kimball International Inc (KBAL) to Issue Quarterly Dividend of $0.09 on April 15th

Kimball International Inc (NASDAQ:KBAL) announced a quarterly dividend on Wednesday, February 12th, Wall Street Journal reports. Stockholders of record on Wednesday, March 25th will be given a dividend of 0.09 per share on Wednesday, April 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Tuesday, March 24th.

Kimball International has raised its dividend by an average of 11.5% per year over the last three years and has increased its dividend annually for the last 4 consecutive years.

NASDAQ:KBAL opened at $18.10 on Friday. The firm’s 50-day moving average price is $19.98 and its 200-day moving average price is $19.62. The company has a market capitalization of $654.58 million, a PE ratio of 16.02 and a beta of 0.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.91 and a quick ratio of 1.49. Kimball International has a 1-year low of $13.75 and a 1-year high of $22.40.

Several equities analysts have issued reports on the stock. ValuEngine upgraded shares of Kimball International from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. BidaskClub cut shares of Kimball International from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th.

Kimball International Company Profile

Kimball International, Inc designs, manufactures, and sells furniture products under the Kimball, National, and Kimball Hospitality brands in the United States and internationally. The company offers office furniture, including desks, tables, seating, bookcases, and filing and storage units for federal, state, and local government offices, as well as other government related entities; and furniture solutions, such as headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and commercial and residential mixed use developments.

Featured Story: What is the Current Ratio?

Dividend History for Kimball International (NASDAQ:KBAL)

Receive News & Ratings for Kimball International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimball International and related companies with MarketBeat.com's FREE daily email newsletter.