KP Tissue Inc (KPT) to Issue Quarterly Dividend of $0.18 on July 15th

KP Tissue Inc (TSE:KPT) announced a quarterly dividend on Wednesday, May 20th, Zacks reports. Stockholders of record on Friday, July 3rd will be paid a dividend of 0.18 per share on Wednesday, July 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date is Thursday, July 2nd.

Shares of TSE KPT traded up C$0.12 during midday trading on Friday, reaching C$10.28. 5,241 shares of the stock were exchanged, compared to its average volume of 24,615. The firm has a 50-day simple moving average of C$9.77 and a two-hundred day simple moving average of C$9.95. KP Tissue has a twelve month low of C$7.79 and a twelve month high of C$11.73. The firm has a market cap of $97.99 million and a price-to-earnings ratio of -34.27.

KP Tissue (TSE:KPT) last posted its quarterly earnings data on Friday, May 8th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.16 by C$0.02. The company had revenue of C$375.15 million for the quarter, compared to analysts’ expectations of C$345.70 million. On average, analysts forecast that KP Tissue will post 0.65 earnings per share for the current fiscal year.

Several research analysts recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of KP Tissue from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. National Bank Financial upped their price target on shares of KP Tissue from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Monday, May 11th. TD Securities upped their price target on shares of KP Tissue from C$10.00 to C$11.00 and gave the stock a “hold” rating in a research report on Monday, May 11th. CIBC reduced their price target on shares of KP Tissue from C$12.00 to C$11.00 in a research report on Tuesday, April 14th. Finally, Scotiabank reduced their price target on shares of KP Tissue from C$12.50 to C$12.00 in a research report on Monday, March 30th.

In other KP Tissue news, Director David A. Spraley acquired 5,000 shares of the business’s stock in a transaction on Friday, March 20th. The stock was bought at an average price of C$8.70 per share, for a total transaction of C$43,500.00. Following the acquisition, the director now owns 9,818 shares in the company, valued at C$85,416.60.

About KP Tissue

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in North America. The company operates through three segments: Consumer Products, Away-From-Home, and Other. It offers bathroom and facial tissues, paper towels, and paper towels and napkins, as well as disposable wiping products and washroom dispensing systems.

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Dividend History for KP Tissue (TSE:KPT)

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