Paper provider Kadant (NYSE:KAI) will be keeping its dividend steady this quarter at $0.125 per share. This is the same amount the company has paid to investors since initiating a dividend payment in May 2013. The latest payout will be payable on Nov. 7 to stockholders of record as of Oct. 10.
Kadant's dividend adds to $0.50 per share on an annualized basis. The company's stock was trading at $33.82 as of the market's close on Sept. 18. This means Kadant currently has a dividend yield of 1.5%.
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