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

Kadant Inc (NYSE:KAI) declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Thursday, July 16th will be paid a dividend of 0.36 per share by the industrial products company on Thursday, August 13th. 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, July 16th.

Kadant has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Kadant has a dividend payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kadant to earn $14.10 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 10.2%.

Kadant Stock Performance

Shares of KAI stock opened at $307.44 on Friday. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 35.06 and a beta of 1.19. The stock has a 50 day simple moving average of $312.51 and a 200-day simple moving average of $307.02. Kadant has a 12-month low of $244.87 and a 12-month high of $369.97. The company has a current ratio of 2.47, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36.

Kadant (NYSE:KAI) last issued its earnings results on Tuesday, May 5th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.73. The business had revenue of $281.51 million during the quarter, compared to the consensus estimate of $274.95 million. Kadant had a return on equity of 12.13% and a net margin of 9.45%.The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.10 EPS. Kadant has set its Q2 2026 guidance at 2.880-2.980 EPS and its FY 2026 guidance at 12.330-12.680 EPS. On average, equities analysts forecast that Kadant will post 12.5 EPS for the current year.

Kadant declared that its Board of Directors has initiated a share repurchase program on Thursday, May 21st that allows the company to buyback $50.00 million in shares. This buyback authorization allows the industrial products company to repurchase up to 1.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

About Kadant

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.