K-Bro Linen Inc. (KBL) To Go Ex-Dividend on September 30th

K-Bro Linen Inc. (TSE:KBL) announced a monthly dividend on Friday, September 13th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.10 per share on Tuesday, October 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Monday, September 30th.

K-Bro Linen Stock Up 0.7 %

K-Bro Linen stock traded up C$0.25 during midday trading on Friday, reaching C$34.84. The stock had a trading volume of 1,000 shares, compared to its average volume of 11,761. K-Bro Linen has a 12 month low of C$30.03 and a 12 month high of C$37.74. The company has a market capitalization of C$364.43 million, a P/E ratio of 21.51, a PEG ratio of 3.50 and a beta of 1.10. The company has a fifty day moving average price of C$35.96 and a two-hundred day moving average price of C$34.68. The company has a current ratio of 1.80, a quick ratio of 0.87 and a debt-to-equity ratio of 107.82.

K-Bro Linen (TSE:KBL) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$0.59 EPS for the quarter, topping analysts’ consensus estimates of C$0.51 by C$0.08. The firm had revenue of C$93.47 million during the quarter, compared to analyst estimates of C$88.57 million. K-Bro Linen had a return on equity of 9.76% and a net margin of 5.03%. As a group, equities analysts expect that K-Bro Linen will post 2.3198942 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the company’s stock in a transaction 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. Company insiders own 3.25% of the company’s stock.

Analysts Set New Price Targets

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

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.