Kadant Declares Cash Dividend

Rhea-AI Summary

Kadant (NYSE: KAI) increased its quarterly cash dividend to $0.36 per share. The dividend will be paid on May 13, 2026 to stockholders of record at the close of business on April 15, 2026. Future dividends remain subject to Board approval and may change with business needs or market conditions.

Positive

• Dividend raised to $0.36 per share
• Definite payment date set for May 13, 2026
• Record date established as April 15, 2026

Negative

• Future dividends subject to Board approval and may be adjusted

Raises Quarterly Dividend to $0.36 per Share

WESTFORD, Mass., March 11, 2026 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors increased its quarterly cash dividend to stockholders to $0.36 per share to be paid on May 13, 2026 to stockholders of record as of the close of business on April 15, 2026. 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 3,900 employees in 22 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 January 3, 2026 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, 978-776-2000
media@kadant.com

FAQ

What dividend did Kadant (KAI) declare and when will it be paid?

Kadant declared a quarterly cash dividend of $0.36 per share payable May 13, 2026 to stockholders. According to the company, the dividend applies to holders of record at the close of business April 15, 2026 and is board‑approved.

Who is eligible to receive the KAI dividend paid on May 13, 2026?

Stockholders of record as of the close of business on April 15, 2026 are eligible to receive the dividend paid May 13, 2026. According to the company, ownership must be reflected on the company record date to qualify for payment.

Does Kadant (KAI) guarantee future dividend payments after this $0.36 declaration?

No, future dividend payments are not guaranteed and require Board approval. According to the company, dividends may be adjusted based on business needs or changing market conditions, so future amounts could change.

How should investors of KAI interpret the increase to $0.36 per share?

The increase signals a board decision to raise the quarterly payout to $0.36 per share effective for the stated payment cycle. According to the company, this reflects the current dividend policy but remains subject to future Board review and change.