K Bro Linen Inc (TSE:KBL) announced a monthly dividend on Monday, September 18th, Zacks reports. Stockholders of record on Saturday, September 30th will be given a dividend of 0.10 per share on Friday, October 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Thursday, September 28th.

Shares of K Bro Linen (TSE KBL) opened at 39.50 on Tuesday. The firm has a market capitalization of $375.64 million and a P/E ratio of 35.55. The stock’s 50 day moving average is $39.29 and its 200-day moving average is $39.71. K Bro Linen has a 52-week low of $36.69 and a 52-week high of $45.00.

In other K Bro Linen news, insider Jeffrey Ronald Gannon sold 1,278 shares of K Bro Linen stock in a transaction on Thursday, August 31st. The stock was sold at an average price of C$40.03, for a total transaction of C$51,158.34.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.dailypolitical.com/2017/09/19/k-bro-linen-inc-kbl-declares-monthly-dividend-of-0-10.html.

K Bro Linen Company Profile

K Bro Linen Inc is a Canada-based owner and operator of laundry and linen processing facilities. The Company provides laundry and linen services to healthcare institutions, hotels and other commercial accounts. The Company’s services include the processing, management and distribution of general and operating room linens (K Bro Operating Room (KOR) Services), including sheets, blankets, towels, tablecloths, surgical gowns and drapes, and other types of linen.

Dividend History for K Bro Linen (TSE:KBL)

Receive News & Ratings for K Bro Linen Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K Bro Linen Inc and related companies with MarketBeat.com's FREE daily email newsletter.