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

K-Bro Linen Inc. (TSE:KBL) announced a monthly dividend on Friday, June 14th, Zacks reports. Investors of record on Sunday, June 30th will be given a dividend of 0.10 per share on Monday, July 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Friday, June 28th.

K-Bro Linen Price Performance

Shares of TSE KBL traded up C$0.29 during trading hours on Wednesday, hitting C$32.95. 700 shares of the stock were exchanged, compared to its average volume of 11,884. The company has a debt-to-equity ratio of 68.49, a quick ratio of 0.87 and a current ratio of 1.64. The company has a market cap of C$344.66 million, a PE ratio of 20.34, a price-to-earnings-growth ratio of 3.50 and a beta of 1.10. The company’s fifty day simple moving average is C$33.73 and its two-hundred day simple moving average is C$34.03. K-Bro Linen has a 1-year low of C$28.21 and a 1-year high of C$37.04.

K-Bro Linen (TSE:KBL) last issued its earnings results on Monday, May 6th. The company reported C$0.17 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.29 by C($0.12). K-Bro Linen had a net margin of 5.27% and a return on equity of 9.90%. The company had revenue of C$80.23 million during the quarter, compared to analyst estimates of C$77.77 million. On average, sell-side analysts predict that K-Bro Linen will post 1.9474586 EPS for the current year.

Insider Activity

In other K-Bro Linen news, Senior Officer Ryo Utahara sold 1,400 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of C$32.40, for a total value of C$45,360.00. 3.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. TD Securities lifted their price objective on shares of K-Bro Linen from C$45.00 to C$46.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Acumen Capital boosted their price target on shares of K-Bro Linen from C$46.00 to C$47.50 and gave the company a “buy” rating in a research report on Wednesday, May 1st.

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.