Kadant Raises Quarterly Dividend by 6.3%

Dow Jones

03-06

By Katherine Hamilton

Kadant raised its quarterly dividend by two cents, to 34 cents a share.

The Westford, Mass., sustainable industrial processing supplier said Wednesday it plans to pay the new dividend on May 7 to stockholders of record on April 9.

Kadant previously raised its dividend in March 2024 to 32 cents.

The new payout, equal to $1.36 a year, represents an annual yield of about 0.37% based on Wednesday's closing price of $369.63.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

March 05, 2025 16:53 ET (21:53 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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