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Kadant (KAI) will raise its quarterly dividend by 4.8 percent to $0.22 per share in the first quarter of 2018. This marks the fifth consecutive year of dividend increases by KAI and translates into a new dividend yield of 0.9%.

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.