Kadant: Cash Dividend
WESTFORD, Mass. - Kadant Inc. (NYSE:KAI) announced that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.125 per share to be paid on February 6, 2014 to stockholders of record as of the close of business on January 9, 2014. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change.
Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The Company's products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with revenues of $332 million in 2012 and 1,600 employees in 17 countries worldwide. For more information, visit www.kadant.com.
Source: Kadant Inc.
Thomas M. O'Brien, 978-776-2000