Kennametal (KMT) Raises Quarterly Dividend 11.1% to $0.20; 2.5% Yield

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Go back to Kennametal (KMT) Raises Quarterly Dividend 11.1% to $0.20; 2.5% Yield

Kennametal Announces Fourth Quarter & Fiscal 2015 Results; Announces Fiscal 2016 Outlook and Dividend Increase

July 30, 2015 8:01 AM EDT

LATROBE, Pa., July 30, 2015 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today announced fiscal 2015 and fourth-quarter results. For fiscal 2015, the company reported loss per diluted share (LPS) of $4.71, compared with EPS of $1.99 during the prior year. Adjusted EPS were $2.02 in the current year compared to $2.53 in the prior year.

For its fiscal fourth quarter, the company reported EPS of $0.26, compared with the prior year quarter EPS of $0.57. The current quarter adjusted EPS were $0.46, compared to $0.79 in the prior year quarter.

"Our performance in the June quarter was better than... More