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

Kadant Inc (NYSE:KAI) announced a quarterly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be given 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 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 14.1% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of NYSE:KAI opened at $285.88 on Friday. The business’s 50 day moving average price is $310.38 and its 200-day moving average price is $312.96. Kadant has a 1 year low of $244.87 and a 1 year high of $354.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.59 and a quick ratio of 1.63. The firm has a market capitalization of $3.38 billion, a PE ratio of 30.74 and a beta of 1.17.

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

Kadant declared that its board has approved a stock repurchase program on Thursday, May 21st that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are 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.