K-Bro Linen Inc. (KBL) To Go Ex-Dividend on October 31st

K-Bro Linen Inc. (TSE:KBL) announced a monthly dividend on Tuesday, October 15th, Zacks reports. Investors of record on Thursday, October 31st will be given a dividend of 0.10 per share on Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Thursday, October 31st.

K-Bro Linen Stock Down 0.2 %

Shares of TSE:KBL opened at C$34.42 on Thursday. The firm has a fifty day moving average price of C$35.79 and a two-hundred day moving average price of C$34.75. The company has a market cap of C$360.03 million, a price-to-earnings ratio of 21.25, a PEG ratio of 3.50 and a beta of 1.08. The company has a debt-to-equity ratio of 107.82, a current ratio of 1.80 and a quick ratio of 0.87. K-Bro Linen has a one year low of C$30.35 and a one year high of C$37.74.

K-Bro Linen (TSE:KBL) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.51 by C$0.08. K-Bro Linen had a return on equity of 9.76% and a net margin of 5.03%. The company had revenue of C$93.47 million for the quarter, compared to the consensus estimate of C$88.57 million. Analysts anticipate that K-Bro Linen will post 2.3389262 EPS for the current fiscal year.

Insider Transactions at K-Bro Linen

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of K-Bro Linen stock in a transaction on Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total transaction of C$39,611.00. Insiders own 3.25% of the company’s stock.

Wall Street Analysts Forecast Growth

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

K-Bro Linen Company Profile

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.