K-Bro Linen Inc. (TSE:KBL – Get Rating) Director Matthew Bruce Hills bought 3,000 shares of the company’s stock in a transaction on Thursday, September 22nd. The shares were acquired at an average price of C$30.11 per share, with a total value of C$90,342.00. Following the transaction, the director now directly owns 21,228 shares in the company, valued at approximately C$639,259.99.
K-Bro Linen Stock Down 1.1 %
TSE KBL traded down C$0.34 on Thursday, reaching C$29.75. The company had a trading volume of 5,625 shares, compared to its average volume of 14,023. The firm has a market capitalization of C$320.56 million and a price-to-earnings ratio of 66.11. The company has a debt-to-equity ratio of 55.28, a quick ratio of 0.94 and a current ratio of 1.78. K-Bro Linen Inc. has a 1-year low of C$29.56 and a 1-year high of C$41.46. The company’s fifty day moving average is C$31.61 and its 200-day moving average is C$32.11.
K-Bro Linen Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 29th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Wednesday, September 28th. K-Bro Linen’s payout ratio is presently 266.67%.
Analyst Ratings Changes
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, and drapes and other linens.
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