Klabin SA (OTCMKTS:KLBAY) announced a quarterly dividend on Friday, November 1st, Zacks reports. Investors of record on Tuesday, November 12th will be paid a dividend of 0.04 per share by the basic materials company on Monday, November 25th. This represents a $0.16 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, November 8th.
Shares of OTCMKTS:KLBAY traded up $0.28 during midday trading on Wednesday, hitting $8.28. The stock had a trading volume of 6,650 shares, compared to its average volume of 347. The company’s 50-day moving average price is $7.54 and its 200-day moving average price is $8.01. The company has a debt-to-equity ratio of 2.98, a current ratio of 4.30 and a quick ratio of 3.80. Klabin has a fifty-two week low of $6.97 and a fifty-two week high of $10.27.
Separately, ValuEngine upgraded shares of Klabin from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
Klabin SA, together with its subsidiaries, operates in the paper and pulp industry in Brazil. It operates through Forestry, Paper, Conversion, and Pulp segments. The Forestry segment plants and grows pine and eucalyptus trees; and sells timber to third parties. The Paper segment produces and sells cardboard, kraftliner, and recycled paper rolls.
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