Kadant Board Approves $50 Million Share Buyback Plan, Declares Dividend

MT Newswires Live

05/22

Kadant (KAI) said Thursday its board has approved the repurchase of up to $50 million of its shares, effective May 21 through May 21, 2027.

The company said it has not bought back any shares under the $50 million authorization that expired on May 15.

Kadant also maintained its quarterly dividend at $0.36 per share, payable Aug. 13 to shareholders on July 16.

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