LONDON, UK / ACCESSWIRE / April 10, 2018 / Active-Investors has a free review on Kadant Inc. (NYSE: KAI) following the Company's announcement that it will begin trading ex-dividend on April 11, 2018. To capture the dividend payout, investors are required to purchase the stock a day prior to the ex-dividend date, that is by latest at the end of the trading session on April 10, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on KAI:
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Dividend Declared
On March 08, 2018, Kadant announced that its Board of Directors increased its quarterly cash dividend to stockholders to $0.22 per share to be paid on May 10, 2018, to stockholders of record as of the close of business on April 12, 2018. The Company's latest dividend represents a 5% increase compared to the previous quarter dividend of $0.21 per share.
Kadant's indicated dividend represents a yield of 0.94% compared to the average dividend yield of 1.20% for the Industrial Goods sector. The Company has raised dividend for four years in a row.
Dividend Insight
Kadant has a dividend payout ratio of 17.5%, which indicates that the Company spends approximately $0.18 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects the amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Kadant is forecasted to report earnings of $5.57 for the next year, which is more than five times compared to the Company's annualized dividend of $0.88 per share.
For the fiscal year 2017 ended December 30, 2017, Kadant's cash flows from operations increased 28% to $65.2 million in 2017 compared to $51.0 million in 2016. As on December 30, 2017, the Company's cash and cash equivalents totaled $76.85 million compared to $73.57 million as on December 31, 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period of time.
About Kadant Inc.
Kadant supplies equipment and critical components used in papermaking, paper recycling, recycling and waste management, and other process industries worldwide. The Company's products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. The Company was formerly known as Thermo Fibertek Inc. and changed its name to Kadant Inc. in July 2001.
Kadant was founded in 1991, and is based in Westford, Massachusetts, with approximately 2,400 employees in 20 countries worldwide
Stock Performance Snapshot
April 09, 2018 - At Monday's closing bell, Kadant's stock marginally dropped 0.05%, ending the trading session at $93.85.
Volume traded for the day: 42.94 thousand shares.
Stock performance in the past twelve-month period - up 59.34%
After yesterday's close, Kadant's market cap was at $1.06 billion.
Price to Earnings (P/E) ratio was at 37.45.
The stock has a dividend yield of 0.94%.
The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry.
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