Kimball International, Inc. (KBAL) To Go Ex-Dividend on September 22nd

Kimball International, Inc. (NASDAQ:KBAL) announced a quarterly dividend on Wednesday, August 30th, Wall Street Journal reports. Investors of record on Monday, September 25th will be paid a dividend of 0.07 per share on Friday, October 13th. This represents a $0.28 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, September 22nd. This is a boost from Kimball International’s previous quarterly dividend of $0.06.

Kimball International (NASDAQ KBAL) opened at 17.48 on Friday. The firm has a market cap of $655.22 million, a PE ratio of 17.66 and a beta of 1.50. The firm’s 50-day moving average is $16.73 and its 200-day moving average is $16.98. Kimball International has a 12 month low of $11.97 and a 12 month high of $18.94.

Kimball International (NASDAQ:KBAL) last announced its earnings results on Wednesday, August 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.05. The firm had revenue of $171.98 million during the quarter. Kimball International had a net margin of 5.60% and a return on equity of 22.09%. Equities analysts expect that Kimball International will post $0.69 earnings per share for the current year.

Separately, BidaskClub upgraded shares of Kimball International from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th.

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In other Kimball International news, CEO Robert F. Schneider sold 31,790 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $16.05, for a total value of $510,229.50. Following the completion of the sale, the chief executive officer now directly owns 280,621 shares of the company’s stock, valued at approximately $4,503,967.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Kimball International Company Profile

Kimball International, Inc creates design driven furnishings. The Company sells a portfolio of furniture products and services under three brands, which include Kimball Office, National Office Furniture, and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing, and hospitality environments.

Dividend History for Kimball International (NASDAQ:KBAL)

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