K-Bro Linen Inc. (TSE:KBL) Declares $0.10 Monthly Dividend

K-Bro Linen Inc. (TSE:KBL) announced a monthly dividend on Monday, February 15th, Zacks reports. Investors of record on Sunday, February 28th will be paid a dividend of 0.10 per share on Monday, March 15th. This represents a $1.20 annualized dividend and a yield of 3.33%. The ex-dividend date is Thursday, February 25th.

Shares of KBL stock opened at C$36.05 on Tuesday. K-Bro Linen has a 1-year low of C$23.73 and a 1-year high of C$46.06. The company has a debt-to-equity ratio of 54.47, a current ratio of 2.21 and a quick ratio of 1.25. The business has a 50-day moving average of C$37.84 and a 200 day moving average of C$33.70. The stock has a market capitalization of C$382.27 million and a PE ratio of 100.14.

KBL has been the subject of several research reports. TD Securities increased their target price on K-Bro Linen from C$41.00 to C$43.00 and gave the stock a “buy” rating in a research report on Thursday, November 12th. National Bank Financial lowered K-Bro Linen from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$35.00 to C$40.00 in a research report on Monday, January 18th. Finally, Raymond James lowered K-Bro Linen from a “strong-buy” rating to an “outperform” rating and raised their price objective for the company from C$40.00 to C$44.00 in a research report on Thursday, December 3rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. K-Bro Linen has an average rating of “Buy” and an average price target of C$39.33.

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, tablecloths, surgical gowns, and drapes and other linens.

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Dividend History for K-Bro Linen (TSE:KBL)

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