Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
The latest update is out from K-Bro Linen ( (TSE:KBL) ).
K-Bro Linen Inc. announced a dividend of 10.00 cents CDN per common share for February 2025, payable on March 14, 2025. This move aligns with the company’s policy of distributing dividends within fifteen days following the end of a calendar month, marking it as an eligible dividend under Canadian tax legislation. This announcement reinforces K-Bro’s commitment to providing returns to its shareholders and highlights its stable financial operations. The impact on stakeholders is positive, reflecting K-Bro’s strong market positioning in the linen processing industry.
More about K-Bro Linen
K-Bro Linen is the largest owner and operator of laundry and linen processing facilities in Canada, offering services to healthcare institutions, hotels, and commercial accounts. The company operates eleven facilities in eight Canadian cities under brands like K-Bro Linen Systems Inc. and Buanderie HMR. Additionally, K-Bro has international operations through Fishers in Scotland and Shortridge in Cumbria, providing linen services to various sectors including hospitality and healthcare.
YTD Price Performance: -4.74%
Average Trading Volume: 11,925
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$376.6M
See more data about KBL stock on TipRanks’ Stock Analysis page.
