Kadant Declares Cash Dividend
September 09 2021 - 4:12PM
Kadant Inc. (NYSE: KAI) announced today that its Board of Directors
has approved a quarterly cash dividend to stockholders of $0.25 per
share to be paid on November 11, 2021 to stockholders of record as
of the close of business on October 14, 2021. Future declarations
of dividends are subject to Board approval and may be adjusted as
business needs or market conditions change.
About
Kadant 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 2,900 employees in 21 countries worldwide. For more
information, visit www.kadant.com.
Safe Harbor StatementThe 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. These forward-looking
statements represent our expectations as of the date of this press
release. We undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future events, or otherwise. These forward-looking statements are
subject to known and unknown risks and uncertainties that may cause
our actual results to 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 fiscal year ended January 2, 2021 and
subsequent filings with the Securities and Exchange Commission.
These include risks and uncertainties relating to the impact of the
COVID-19 pandemic on our operating and financial results; adverse
changes in global and local economic conditions; the variability
and difficulty in accurately predicting revenues from large capital
equipment and systems projects; health epidemics; our acquisition
strategy; levels of residential construction activity; reductions
by our wood processing customers of their capital spending or
production of oriented strand board; changes to the global timber
supply; development and use of digital media; cyclical economic
conditions affecting the global mining industry; demand for coal,
including economic and environmental risks associated with coal;
failure of our information systems or breaches of data security and
cybertheft; implementation of our internal growth strategy; price
increases or shortages of raw materials; competition; changes in
our tax provision or exposure to additional tax liabilities; our
ability to successfully manage our manufacturing operations;
disruption in production; future restructurings; loss of key
personnel and effective succession planning; protection of
intellectual property; climate change; adequacy of our insurance
coverage; global operations; policies of the Chinese government;
the variability and uncertainties in sales of capital equipment in
China; currency fluctuations; economic conditions and regulatory
changes caused by the United Kingdom’s exit from the European
Union; changes to government regulations and policies around the
world; compliance with government regulations and policies and
compliance with laws; environmental laws and regulations;
environmental, health and safety laws and regulations impacting the
mining industry; our debt obligations; restrictions in our credit
agreement and note purchase agreement; substitution of an
alternative index for LIBOR; soundness of financial institutions;
fluctuations in our share price; and anti-takeover provisions.
ContactsInvestor Contact Information:Michael
McKenney, 978-776-2000IR@kadant.com orMedia Contact
Information:Wes Martz, 269-278-1715media@kadant.com
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