Kadant Declares Cash Dividend
September 20 2017 - 4:50PM
Business Wire
Kadant Inc. (NYSE: KAI) announced that its Board of Directors
has approved a quarterly cash dividend to stockholders of $0.21 per
share to be paid on November 9, 2017 to stockholders of record as
of the close of business on October 12, 2017. 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 Company’s products, technologies, and services play
an integral role in enhancing process efficiency, optimizing energy
utilization, and maximizing productivity in resource-intensive
industries. Kadant is based in Westford, Massachusetts, with
approximately 2,400 employees in 20 countries worldwide. For more
information, visit www.kadant.com.
The following constitutes a “Safe Harbor” statement under the
Private Securities Litigation Reform Act of 1995: This press
release contains forward-looking statements that involve a number
of risks and uncertainties, including forward-looking statements
about our business, financial performance and cash dividend
program. Our actual results may differ materially from these
forward-looking statements as a result of various important
factors, including those set forth under the heading "Risk Factors"
in Kadant’s annual report on Form 10-K for the year ended December
31, 2016 and subsequent filings with the Securities and Exchange
Commission. These include risks and uncertainties relating to
adverse changes in global and local economic conditions; the
variability and difficulty in accurately predicting revenues from
large capital equipment and systems projects; the variability and
uncertainties in sales of capital equipment in China; currency
fluctuations; our customers’ ability to obtain financing for
capital equipment projects; changes in government regulations and
policies; the oriented strand board market and levels of
residential construction activity; development and use of digital
media; price increases or shortages of raw materials; dependence on
certain suppliers; international sales and operations; economic
conditions and regulatory changes caused by the United Kingdom’s
likely exit from the European Union; disruption in production; our
acquisition strategy; our internal growth strategy; competition;
soundness of suppliers and customers; our effective tax rate;
future restructurings; soundness of financial institutions; our
debt obligations; restrictions in our credit agreement; loss of key
personnel; reliance on third-party research; protection of patents
and proprietary rights; failure of our information systems or
breaches of data security; fluctuations in our share price; and
anti-takeover provisions. We undertake no obligation to publicly
update any forward-looking statement, whether as a result of new
information, future events, or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20170920006327/en/
Kadant Inc.Investor Contact Information:Michael McKenney,
978-776-2000mike.mckenney@kadant.comorMedia Contact Information:Wes
Martz, 269-278-1715wes.martz@kadant.com
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