Kimball International, Inc. (KBAL) Announces Quarterly Earnings Results
Kimball International, Inc. (NASDAQ:KBAL) issued its quarterly earnings results on Wednesday. The company reported $0.29 EPS for the quarter, Bloomberg Earnings reports. Kimball International had a return on equity of 22.09% and a net margin of 5.60%. The firm had revenue of $169.52 million during the quarter.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 22nd will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.28 annualized dividend and a yield of 1.46%. Kimball International’s dividend payout ratio (DPR) is presently 28.28%.
Separately, BidaskClub cut Kimball International from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st.
In other Kimball International news, CEO Robert F. Schneider sold 31,790 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $16.05, for a total transaction of $510,229.50. Following the completion of the sale, the chief executive officer now directly owns 280,621 shares of the company’s stock, valued at approximately $4,503,967.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.
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About Kimball International
Kimball International, Inc creates design driven furnishings. The Company sells a portfolio of furniture products and services under three brands, which include Kimball Office, National Office Furniture, and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing, and hospitality environments.
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