KP Tissue Inc (TSE:KPT) Declares $0.18 Quarterly Dividend

KP Tissue Inc (TSE:KPT) announced a quarterly dividend on Wednesday, May 20th, Zacks reports. Shareholders 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 annualized dividend and a yield of 7.00%. The ex-dividend date of this dividend is Thursday, July 2nd.

TSE KPT traded up C$0.12 during trading on Friday, hitting C$10.28. The company’s stock had a trading volume of 5,241 shares, compared to its average volume of 24,615. The company has a market cap of $97.99 million and a PE ratio of -33.87. The business’s 50 day simple moving average is C$9.77 and its 200-day simple moving average is C$9.95. KP Tissue has a fifty-two week low of C$7.79 and a fifty-two week high of C$11.73.

KP Tissue (TSE:KPT) last issued its quarterly earnings results on Friday, May 8th. The company reported C$0.18 earnings per share for the quarter, topping the consensus estimate of C$0.16 by C$0.02. The business had revenue of C$375.15 million during the quarter, compared to analyst estimates of C$345.70 million. On average, research analysts forecast that KP Tissue will post 0.65 earnings per share for the current fiscal year.

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

Several brokerages have recently issued reports on KPT. Royal Bank of Canada raised their price objective on KP Tissue from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. National Bank Financial raised their price objective on KP Tissue from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research note on Monday, May 11th. CIBC reduced their price objective on KP Tissue from C$12.00 to C$11.00 in a research note on Tuesday, April 14th. Scotiabank reduced their price objective on KP Tissue from C$12.50 to C$12.00 in a research note on Monday, March 30th. Finally, TD Securities raised their price objective on KP Tissue from C$10.00 to C$11.00 and gave the stock a “hold” rating in a research note on Monday, May 11th.

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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