Kadant raises quarterly dividend to $0.34 per share

WESTFORD, Mass. - Kadant Inc. (NYSE: KAI), a global supplier of technologies and engineered systems used in process industries, has declared an increase in its quarterly cash dividend. The dividend has been raised to $0.34 per share, payable on May 7, 2025 to shareholders of record at the close of business on April 9, 2025. According to InvestingPro data, this marks the company’s 7th consecutive year of dividend increases, with a current yield of 0.35%.

The announcement made today reflects a commitment to providing value to its stockholders, although the company noted that future dividend declarations are subject to board approval and may change based on business or market conditions.

Kadant’s portfolio includes products and services that contribute to efficiency, energy optimization, and productivity in various process industries. Employing around 3,500 people, Kadant operates in 20 countries across the globe.

The company’s forward-looking statements in the press release indicate risks and uncertainties that could affect its financial performance and cash dividend program. These statements are based on current expectations and are subject to change. Kadant also highlighted that actual results might differ materially from their expectations due to various factors, including those listed under "Risk Factors" in their Annual Report and subsequent filings with the Securities and Exchange Commission.

Investors are reminded that the information provided is based on a press release statement, and the company does not undertake any obligation to update forward-looking statements as new information becomes available or other events occur.

In other recent news, Kadant Inc. reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $2.25, compared to the forecasted $2.08. The company also reported revenue of $258 million, slightly above the expected $257.85 million. The firm achieved a record full-year revenue of $1.053 billion, marking a 10% increase from the previous year. Kadant’s strong performance was driven by aftermarket parts, contributing 66% of total revenue. In another development, Kadant is set to join the S&P SmallCap 600 index, following the acquisition of Inari Medical by Stryker Corp. This inclusion is expected to enhance the company’s visibility and liquidity in the investment community. Furthermore, analysts at William Blair and D.A. Davidson have shown interest in Kadant’s market conditions and future performance, particularly in light of economic uncertainties in Europe and China. The company provided 2025 revenue guidance in the range of $1.040 to $1.065 billion, with adjusted EPS expected between $9.70 and $10.05.

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