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

K-Bro Linen Inc. (TSE:KBL – Get Rating) announced a monthly dividend on Wednesday, June 15th, Zacks reports. Shareholders of record on Thursday, June 30th will be given a dividend of 0.10 per share on Friday, July 15th. This represents a $1.20 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Wednesday, June 29th.

TSE:KBL opened at C$32.79 on Friday. The company has a market cap of C$351.50 million and a PE ratio of 52.63. K-Bro Linen has a twelve month low of C$29.60 and a twelve month high of C$45.08. The company has a current ratio of 1.60, a quick ratio of 0.75 and a debt-to-equity ratio of 50.47. The company’s 50 day moving average is C$32.25 and its two-hundred day moving average is C$33.52.

K-Bro Linen (TSE:KBL – Get Rating) last announced its quarterly earnings data on Thursday, May 12th. The company reported C($0.04) EPS for the quarter, missing the consensus estimate of C$0.09 by C($0.13). The business had revenue of C$61.43 million for the quarter, compared to analyst estimates of C$59.16 million. As a group, analysts expect that K-Bro Linen will post 1.9 EPS for the current fiscal year.

Several brokerages have commented on KBL. Laurentian Bank of Canada decreased their price objective on shares of K-Bro Linen to C$45.00 and set a “buy” rating for the company in a research note on Thursday, March 17th. TD Securities decreased their price objective on shares of K-Bro Linen from C$49.00 to C$42.00 and set a “buy” rating for the company in a research note on Thursday, March 17th. Laurentian decreased their target price on shares of K-Bro Linen from C$50.00 to C$45.00 in a research note on Thursday, March 17th. Raymond James decreased their target price on shares of K-Bro Linen from C$50.00 to C$47.00 and set a “strong-buy” rating for the company in a research note on Thursday, March 17th. Finally, Cormark decreased their target price on shares of K-Bro Linen from C$57.00 to C$42.00 and set a “market perform” rating for the company in a research note on Thursday, March 17th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$44.63.

K-Bro Linen Company Profile (Get Rating)

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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