National Bank Financial upgraded shares of K Bro Linen (TSE:KBL) from a sector perform market weight rating to an outperform market weight rating in a research report released on Tuesday. National Bank Financial also issued estimates for K Bro Linen’s FY2017 earnings at $1.23 EPS.

Shares of K Bro Linen (KBL) traded up C$1.51 on Tuesday, reaching C$42.50. The company’s stock had a trading volume of 31,770 shares, compared to its average volume of 10,759. K Bro Linen has a 12 month low of C$37.39 and a 12 month high of C$45.00.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Wednesday, November 29th. K Bro Linen’s dividend payout ratio is presently 115.38%.

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About K Bro Linen

K Bro Linen Inc is a Canada-based owner and operator of laundry and linen processing facilities. The Company provides laundry and linen services to healthcare institutions, hotels and other commercial accounts. The Company’s services include the processing, management and distribution of general and operating room linens (K Bro Operating Room (KOR) Services), including sheets, blankets, towels, tablecloths, surgical gowns and drapes, and other types of linen.

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