KP Tissue Inc. Announces Quarterly Dividend of $0.18 (TSE:KPT)

KP Tissue Inc. (TSE:KPT) announced a quarterly dividend on Tuesday, August 13th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.18 per share on Tuesday, October 15th. This represents a $0.72 annualized dividend and a yield of 8.52%. The ex-dividend date is Monday, September 30th.

KP Tissue Price Performance

KP Tissue stock traded down C$0.02 during trading hours on Wednesday, hitting C$8.45. 5,400 shares of the stock traded hands, compared to its average volume of 17,128. The firm’s 50 day moving average price is C$8.48 and its 200-day moving average price is C$8.47. The stock has a market capitalization of C$84.25 million, a price-to-earnings ratio of 12.46, a P/E/G ratio of -0.88 and a beta of 0.37. KP Tissue has a 1 year low of C$8.02 and a 1 year high of C$10.48.

KP Tissue (TSE:KPT) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.11 earnings per share for the quarter, missing the consensus estimate of C$0.16 by C($0.05). The business had revenue of C$479.43 million during the quarter, compared to analyst estimates of C$473.50 million. Research analysts forecast that KP Tissue will post 0.6601562 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on KPT shares. TD Securities dropped their price target on KP Tissue from C$9.00 to C$8.50 and set a “hold” rating on the stock in a research note on Wednesday, May 15th. Desjardins lowered their target price on KP Tissue from C$11.00 to C$10.00 and set a “hold” rating on the stock in a research note on Wednesday, May 15th.

KP Tissue Company Profile

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins.