Klabin SA (KLBAY) Raises Dividend to $0.15 Per Share

Klabin SA (OTCMKTS:KLBAY) declared a quarterly dividend on Tuesday, October 30th, Zacks reports. Shareholders of record on Friday, November 9th will be paid a dividend of 0.154 per share by the basic materials company on Monday, November 26th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date is Thursday, November 8th. This is an increase from Klabin’s previous quarterly dividend of $0.08.

Shares of Klabin stock opened at $10.69 on Wednesday. Klabin has a 12 month low of $9.46 and a 12 month high of $12.80. The company has a debt-to-equity ratio of 2.84, a current ratio of 2.90 and a quick ratio of 2.60.

Separately, ValuEngine raised Klabin from a “sell” rating to a “hold” rating in a report on Friday, November 2nd.

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About Klabin

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 engages in planting and growing pine and eucalyptus trees, as well as sells timber to third parties. The Paper segment produces and sells cardboard, kraftliner, and recycled paper rolls.

Further Reading: Return on Investment (ROI)

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