Kadant (KAI) will raise its quarterly dividend to $0.21 per share.
The new dividend will be paid on May 11, 2017 to stockholders of record as of the close of business on April 13, 2017.
Kadant Inc. is a supplier of components and engineered systems used in process industries, including papermaking, paper recycling and oriented strand board, an engineered wood panel product used primarily in home construction. In addition, the Company manufactures granules made from papermaking byproducts.