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

KP Tissue Inc. (TSE:KPT) announced a quarterly dividend on Tuesday, May 14th, Zacks reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.18 per share on Monday, July 15th. This represents a $0.72 dividend on an annualized basis and a yield of 8.46%. The ex-dividend date is Friday, June 28th.

KP Tissue Price Performance

Shares of TSE:KPT opened at C$8.51 on Thursday. KP Tissue has a 1 year low of C$8.02 and a 1 year high of C$10.84. The firm has a market capitalization of C$84.84 million, a PE ratio of -17.02, a price-to-earnings-growth ratio of -0.88 and a beta of 0.40. The business has a 50 day simple moving average of C$8.29 and a two-hundred day simple moving average of C$8.59.

KP Tissue (TSE:KPT) last posted its earnings results on Tuesday, May 14th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.05). The business had revenue of C$479.43 million during the quarter, compared to the consensus estimate of C$473.50 million. Equities research analysts expect that KP Tissue will post 0.6545894 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. CIBC lowered their price target on KP Tissue from C$10.00 to C$9.00 in a research report on Monday, March 11th. National Bankshares reduced their price target on KP Tissue from C$9.50 to C$9.00 in a report on Friday, March 8th. TD Securities reduced their target price on KP Tissue from C$9.00 to C$8.50 and set a “hold” rating on the stock in a research report on Wednesday, May 15th. Finally, Desjardins dropped their price objective on KP Tissue from C$11.00 to C$10.00 and set a “hold” rating for the company in a research note on Wednesday, May 15th.

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 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.