Kadant Declares Cash Dividend

Rhea-AI Summary

Kadant Inc. (NYSE: KAI) has announced an increase in its quarterly cash dividend. The company's Board of Directors has approved a dividend payment of $0.34 per share, which will be distributed to stockholders on May 7, 2025. To be eligible for this dividend, investors must be stockholders of record by the close of business on April 9, 2025. The company notes that future dividend declarations will require Board approval and may be subject to adjustments based on business needs or market conditions.

Positive

• Increased quarterly dividend payment
• Demonstrates financial stability and shareholder commitment

Negative

• Future dividends subject to market conditions and board approval

Raises Quarterly Dividend to $0.34 per Share

WESTFORD, Mass., March 05, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors increased its quarterly cash dividend to stockholders to $0.34 per share to be paid on May 7, 2025 to stockholders of record as of the close of business on April 9, 2025. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change.

About Kadant
Kadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing^®. The Company’s products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries. Kadant is based in Westford, Massachusetts, with approximately 3,500 employees in 20 countries worldwide. For more information, visit kadant.com.

Safe Harbor Statement
The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements about our business, financial performance, and cash dividend program. These forward-looking statements represent our expectations as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results to differ materially from these forward-looking statements as a result of various important factors, including those set forth under the heading "Risk Factors" in Kadant’s Annual Report on Form 10-K for the fiscal year ended December 28, 2024 and subsequent filings with the Securities and Exchange Commission. These include risks and uncertainties relating to adverse changes in global and local economic conditions; the variability and difficulty in accurately predicting revenues from large capital equipment and systems projects; our acquisition strategy; levels of residential construction activity; reductions by our wood processing customers of their capital spending or production of oriented strand board; changes to the global timber supply; development and use of digital media; cyclical economic conditions affecting the global mining industry; demand for coal, including economic and environmental risks associated with coal; failure of our information systems or breaches of data security and cybersecurity incidents; implementation of our internal growth strategy; competition; our ability to successfully manage our manufacturing operations; supply chain constraints, inflationary pressure, price increases or shortages in raw materials; loss of key personnel and effective succession planning; future restructurings; protection of intellectual property; changes to tax laws and regulations; climate change; adequacy of our insurance coverage; global operations; policies of the Chinese government; the variability and uncertainties in sales of capital equipment in China; currency fluctuations; changes to government regulations and policies around the world; compliance with government regulations and policies and compliance with laws; environmental laws and regulations; environmental, health and safety laws and regulations impacting the mining industry; our debt obligations; restrictions in our credit agreement and note purchase agreement; soundness of financial institutions; fluctuations in our share price; and anti-takeover provisions.

Contacts
Investor Contact Information:
Michael McKenney, 978-776-2000
IR@kadant.com

Media Contact Information:
Wes Martz, 269-278-1715
media@kadant.com

FAQ

What is the new quarterly dividend amount for Kadant (KAI) stock?

Kadant (KAI) has increased its quarterly dividend to $0.34 per share.

When is the payment date for Kadant's (KAI) latest dividend?

The dividend will be paid on May 7, 2025.

What is the record date for Kadant's (KAI) Q2 2025 dividend?

The record date is April 9, 2025, at the close of business.

Has Kadant (KAI) increased its dividend payment in March 2025?

Yes, Kadant has announced an increase in its quarterly cash dividend to $0.34 per share.