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

K-Bro Linen Inc. (KBL.TO) (TSE:KBL) declared a monthly dividend on Tuesday, December 15th, Zacks reports. Shareholders of record on Thursday, December 31st will be paid a dividend of 0.10 per share on Thursday, January 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, December 30th.

Shares of KBL opened at C$37.50 on Tuesday. K-Bro Linen Inc. has a 12-month low of C$23.73 and a 12-month high of C$46.44. The business has a 50-day simple moving average of C$36.23 and a two-hundred day simple moving average of C$30.83. The company has a quick ratio of 1.25, a current ratio of 2.21 and a debt-to-equity ratio of 54.47. The stock has a market cap of C$397.65 million and a PE ratio of 104.17.

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K-Bro Linen Inc. (KBL.TO) (TSE:KBL) last issued its earnings results on Tuesday, November 10th. The company reported C$0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.30. The firm had revenue of C$51.44 million during the quarter, compared to analyst estimates of C$49.90 million. On average, equities research analysts expect that K-Bro Linen Inc. will post 1.01 EPS for the current year.

KBL has been the subject of several recent research reports. TD Securities increased their price target on K-Bro Linen Inc. (KBL.TO) from C$41.00 to C$43.00 and gave the company a “buy” rating in a research note on Thursday, November 12th. Raymond James cut K-Bro Linen Inc. (KBL.TO) from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from C$40.00 to C$44.00 in a research note on Thursday, December 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$38.50.

K-Bro Linen Inc. (KBL.TO) 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, tablecloths, surgical gowns, and drapes and other linens.

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