Kadant Inc Plans Quarterly Dividend of $0.34 (NYSE:KAI)

Kadant Inc (NYSE:KAI) declared a quarterly dividend on Thursday, November 13th. Stockholders of record on Thursday, January 8th will be given a dividend of 0.34 per share by the industrial products company on Thursday, February 5th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, January 8th.

Kadant has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Kadant has a dividend payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kadant to earn $11.39 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 11.9%.

Kadant Trading Down 1.2%

KAI traded down $3.24 during midday trading on Friday, reaching $258.94. 42,777 shares of the company were exchanged, compared to its average volume of 140,273. The stock has a market capitalization of $3.05 billion, a P/E ratio of 30.02 and a beta of 1.24. Kadant has a one year low of $255.00 and a one year high of $429.95. The stock’s 50-day simple moving average is $295.22 and its 200 day simple moving average is $313.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 9.39.

Kadant (NYSE:KAI) last released its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.41. The business had revenue of $271.57 million during the quarter, compared to analysts’ expectations of $260.17 million. Kadant had a net margin of 9.96% and a return on equity of 11.97%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.84 EPS. Kadant has set its Q4 2025 guidance at 2.050-2.250 EPS. FY 2025 guidance at 9.050-9.250 EPS. As a group, analysts forecast that Kadant will post 9.97 earnings per share for the current fiscal year.

Kadant Company Profile

Kadant Inc supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems.