Kadant (KAI) Board Approves Additional $20M Stock Buyback Authorization

Kadant Authorizes Share Repurchase

WESTFORD, Mass.--(BUSINESS WIRE)-- Kadant Inc. (NYSE: KAI) announced today that its board of directors has authorized the repurchase of up to an additional $20 million of its equity securities effective May 18, 2016 through May 18, 2017. Repurchases may be made in public or private transactions, including under Securities Exchange Act Rule 10b-5-1 trading plans. The timing and amount of any repurchases will be at the discretion of Company management and will be based on market conditions and other considerations, including limitations contained in our credit agreement entered into on August 3, 2012. Through May 18, 2016, under the existing... More

Kadant Declares Cash Dividend

WESTFORD, Mass.--(BUSINESS WIRE)-- Kadant Inc. (NYSE: KAI) announced that its board of directors has approved a quarterly cash dividend to stockholders of $0.19 per share to be paid on August 11, 2016 to stockholders of record as of the close of business on July 14, 2016. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change.

Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The Companys products, technologies, and services play an integral role in enhancing... More