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Kadant Inc. raises its quarterly dividend by 6.3% to $0.34 per share, boosting shareholder value.
Kadant Inc., an industrial products company based in Massachusetts, has increased its quarterly dividend by 6.3% to $0.34 per share.
The dividend will be paid on May 7 to shareholders on record as of April 9.
This marks the company's second dividend increase in a year, with an average yearly hike of 8.6% over the past three years.
The new dividend yields 0.37% annually, and Kadant has a sustainable payout ratio of 11.5%.
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Kadant Inc. aumenta su dividendo trimestral en un 6,3% a $0,34 por acción, aumentando el valor del accionista.