National Bank Financial upgraded shares of K Bro Linen (TSE:KBL) from a sector perform market weight rating to an outperform market weight rating in a report issued on Tuesday morning. National Bank Financial also issued estimates for K Bro Linen’s FY2017 earnings at $1.23 EPS and FY2018 earnings at $1.99 EPS.
Shares of K Bro Linen (TSE:KBL) opened at C$42.72 on Tuesday. K Bro Linen has a 12 month low of C$37.39 and a 12 month high of C$45.00.
The company also recently declared a monthly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Wednesday, November 29th. K Bro Linen’s dividend payout ratio is currently 115.38%.
In other K Bro Linen news, insider Ryo Utahara sold 650 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of C$42.50, for a total value of C$27,625.00.
About K Bro Linen
K Bro Linen Inc is a Canada-based owner and operator of laundry and linen processing facilities. The Company provides laundry and linen services to healthcare institutions, hotels and other commercial accounts. The Company’s services include the processing, management and distribution of general and operating room linens (K Bro Operating Room (KOR) Services), including sheets, blankets, towels, tablecloths, surgical gowns and drapes, and other types of linen.
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