Cash Dividend On The Way From K-Bro Linen (KBL)

On 10/29/13, K-Bro Linen, Inc. (TSX: KBL.TO) will trade ex-dividend, for its monthly dividend of $0.0958, payable on 11/15/13. As a percentage of KBL's recent stock price of $35.34, this dividend works out to approximately 0.27%.

Below is a dividend history chart for KBL, showing historical dividends prior to the most recent $0.0958 declared by K-Bro Linen, Inc.:

KBL+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from KBL is likely to continue, and whether the current estimated yield of 3.25% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of KBL shares, versus its 200 day moving average:

K-Bro Linen, Inc. 200 Day Moving Average Chart

Looking at the chart above, KBL's low point in its 52 week range is $27.50 per share, with $37.75 as the 52 week high point — that compares with a last trade of $35.34.

In Friday trading, K-Bro Linen, Inc. shares are currently trading flat on the day.

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