Kadant: Quarterly Dividend
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Westford, Massachusetts – Kadant Inc. (NYSE:KAI) announced that its Board of Directors approved a 12% increase to its quarterly cash dividend to stockholders to $0.19 per share to be paid on May 12, 2016 to stockholders of record as of the close of business on April 14, 2016. 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 revenue of $390 million in fiscal year 2015 and 1,800 employees in 18 countries worldwide. For more information, visit www.kadant.com.
Source: Kadant Inc.
Michael McKenney, 978-776-2000