Kimball International, Inc. (NASDAQ:KBAL – Get Rating) announced a quarterly dividend on Monday, August 29th, Zacks reports. Investors of record on Friday, September 23rd will be given a dividend of 0.09 per share on Friday, October 14th. This represents a $0.36 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Thursday, September 22nd.
Kimball International has raised its dividend payment by an average of 6.3% per year over the last three years. Kimball International has a payout ratio of 56.3% meaning its dividend is sufficiently covered by earnings.
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Kimball International Trading Down 1.7 %
Kimball International stock opened at $7.87 on Wednesday. The stock has a 50-day moving average price of $8.10 and a 200 day moving average price of $8.39. Kimball International has a 52 week low of $7.49 and a 52 week high of $12.79. The company has a current ratio of 1.37, a quick ratio of 0.79 and a debt-to-equity ratio of 0.29.
Institutional Trading of Kimball International
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its holdings in Kimball International by 1.9% in the 2nd quarter. AQR Capital Management LLC now owns 92,031 shares of the company's stock valued at $706,000 after buying an additional 1,749 shares during the period. Citadel Advisors LLC grew its holdings in shares of Kimball International by 95.3% during the 2nd quarter. Citadel Advisors LLC now owns 224,531 shares of the company's stock worth $1,722,000 after purchasing an additional 109,555 shares during the period. Millennium Management LLC grew its holdings in shares of Kimball International by 193.0% during the 2nd quarter. Millennium Management LLC now owns 114,758 shares of the company's stock worth $880,000 after purchasing an additional 75,594 shares during the period. Quantbot Technologies LP grew its holdings in shares of Kimball International by 123.5% during the 2nd quarter. Quantbot Technologies LP now owns 3,800 shares of the company's stock worth $29,000 after purchasing an additional 2,100 shares during the period. Finally, Rhumbline Advisers grew its holdings in shares of Kimball International by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 52,437 shares of the company's stock worth $402,000 after purchasing an additional 2,844 shares during the period. Hedge funds and other institutional investors own 65.59% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Kimball International from a "hold" rating to a "buy" rating in a report on Tuesday, August 9th.
Kimball International Company Profile
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Kimball International, Inc engages in the manufacture and sale of furniture products under the Kimball, National, Etc., Interwoven, Kimball Hospitality, D'style, and Poppin brands in the United States and internationally. The company offers desks/workstations, benching, seating, lounge, storage, tables, and casegoods for collaborative and open workspaces, conference and meeting/huddle rooms, training rooms, private offices, learning areas, classrooms, lobby/reception areas, and dining/café areas; and headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and commercial and residential mixed use developments.
Further Reading
- Get a free copy of the StockNews.com research report on Kimball International (KBAL)
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