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

K-Bro Linen Inc. (TSE:KBL) announced a monthly dividend on Monday, April 15th, Zacks reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.10 per share on Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Monday, April 29th.

K-Bro Linen Trading Up 1.9 %

Shares of KBL stock opened at C$35.50 on Wednesday. The stock has a fifty day simple moving average of C$34.35 and a two-hundred day simple moving average of C$33.62. K-Bro Linen has a 52-week low of C$27.60 and a 52-week high of C$37.04. The firm has a market capitalization of C$375.59 million, a PE ratio of 21.65, a PEG ratio of 3.50 and a beta of 1.11. The company has a debt-to-equity ratio of 70.83, a quick ratio of 0.87 and a current ratio of 1.73.

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

Wall Street Analyst Weigh In

Separately, TD Securities increased their price objective on shares of K-Bro Linen from C$43.00 to C$45.00 and gave the company a “buy” rating in a 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.