Kimball International, Inc. (KBAL) Plans Quarterly Dividend of $0.07
Kimball International, Inc. (NASDAQ:KBAL) declared a quarterly dividend on Wednesday, November 1st, Wall Street Journal reports. Shareholders of record on Friday, December 22nd will be given a dividend of 0.07 per share on Friday, January 12th. This represents a $0.28 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Thursday, December 21st.
Kimball International (NASDAQ:KBAL) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.05. Kimball International had a return on equity of 22.09% and a net margin of 5.60%. The firm had revenue of $171.98 million during the quarter.
Separately, BidaskClub cut Kimball International from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st.
In related news, CEO Robert F. Schneider sold 31,790 shares of Kimball International stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $16.05, for a total transaction of $510,229.50. Following the transaction, the chief executive officer now owns 280,621 shares of the company’s stock, valued at $4,503,967.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.70% of the stock is owned by insiders.
Kimball International Company Profile
Kimball International, Inc creates design driven furnishings. The Company sells a portfolio of furniture products and services under three brands, which include Kimball Office, National Office Furniture, and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing, and hospitality environments.
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