Kadant Inc (KAI)

[AISI304]

Kadant Inc. Declares Cash Dividend of $0.21 per Share

http://www.businesswire.com/news/home/20170308006430/en/

Raises Quarterly Dividend 11% to $0.21 per Share

March 08, 2017 05:14 PM Eastern Standard Time

WESTFORD, Mass.--(BUSINESSWIRE)--Kadant Inc. (NYSE:KAI) announced its Board of Directors approved an 11% increase to its quarterly cash dividend to stockholders to $0.21 per share to be paid May 11, 2017
to stockholders of record as of the close of business on April 13, 2017. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change.

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 2,000 employees in 18 countries worldwide.

For more information, visit www.kadant.com.

Contacts

Kadant Investor Contact Information:

Michael McKenney, 978-776-2000
[e-mail]

Media Contact Information:

Wes Martz, 269-278-1715
[e-mail]