The industrial machinery firm maintains its payout at $0.36 for the second straight quarter, yielding 0.47%.
Kadant Inc. announced a $0.36 per share quarterly dividend, matching its previous payout. The dividend will be paid on August 13 to shareholders of record as of July 16, with an ex-dividend date also set for July 16.
The company has now declared a $0.36 dividend for two consecutive quarters. The forward yield stands at 0.47%, reflecting stability in its dividend policy.
No immediate market reaction was disclosed in the announcement.