Kadant Inc to Issue Quarterly Dividend of $0.36 (NYSE:KAI)

Kadant Inc (NYSE:KAIGet Free Report) declared a quarterly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.36 per share by the industrial products company on Thursday, November 12th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 15th.

Kadant has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 12 years. Kadant has a payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kadant to earn $14.04 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 10.3%.

Kadant Trading Down 1.8%

Shares of KAI stock opened at $285.88 on Friday. The firm has a market capitalization of $3.38 billion, a PE ratio of 30.74 and a beta of 1.17. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.63 and a current ratio of 2.59. The stock has a fifty day simple moving average of $310.38 and a two-hundred day simple moving average of $312.96. Kadant has a 52-week low of $244.87 and a 52-week high of $354.07.

Kadant (NYSE:KAIGet Free Report) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $3.42 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.48. Kadant had a net margin of 9.52% and a return on equity of 13.16%. The company had revenue of $312.88 million during the quarter, compared to analysts’ expectations of $299.17 million. During the same period last year, the company posted $2.31 earnings per share. Kadant’s quarterly revenue was up 22.6% on a year-over-year basis. Kadant has set its FY 2026 guidance at 12.430-12.680 EPS and its Q3 2026 guidance at 2.900-3.000 EPS. On average, analysts predict that Kadant will post 12.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Fifth Third Bancorp grew its holdings in shares of Kadant by 12,689.4% in the first quarter. Fifth Third Bancorp now owns 33,892 shares of the industrial products company’s stock valued at $9,908,000 after purchasing an additional 33,627 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of Kadant during the fourth quarter valued at about $1,144,000. BlackRock Inc. purchased a new stake in Kadant in the second quarter valued at approximately $565,205,000. Norges Bank acquired a new position in Kadant during the 4th quarter worth about $42,985,000. Finally, Riverbridge Partners LLC lifted its holdings in Kadant by 43.4% during the 1st quarter. Riverbridge Partners LLC now owns 252,230 shares of the industrial products company’s stock worth $73,739,000 after buying an additional 76,366 shares in the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

Kadant Company Profile

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Kadant Inc, headquartered in Westford, Massachusetts, is a global supplier of high‐value, critical components and engineered systems for the pulp and paper industry and other process industries. The company’s product portfolio spans stock preparation technologies, refiners and pulpers, fluid handling systems, and web‐handling equipment designed to optimize the efficiency and quality of paper production. In addition to capital equipment, Kadant offers aftermarket services, including spare parts, maintenance programs and process optimization consulting, which together support long‐term customer productivity and reliability.

Originally part of a larger industrial conglomerate, Kadant was established as an independent public company in 1991.

Further Reading

Dividend History for Kadant (NYSE:KAI)

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