Kadant (KAI) said Thursday its board has approved the repurchase of up to $50 million of its shares, effective May 21 through May 21, 2027.
The company said it has not bought back any shares under the $50 million authorization that expired on May 15.
Kadant also maintained its quarterly dividend at $0.36 per share, payable Aug. 13 to shareholders on July 16.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.