ValuEngine cut shares of Klabin (OTCMKTS:KLBAY) from a hold rating to a sell rating in a research note published on Thursday.
Shares of KLBAY traded up $0.15 during mid-day trading on Thursday, reaching $9.49. The company has a debt-to-equity ratio of 2.84, a quick ratio of 2.60 and a current ratio of 2.90. Klabin has a one year low of $9.46 and a one year high of $12.80.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 26th. Investors of record on Friday, November 9th will be issued a $0.154 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 6.49%. This is a positive change from Klabin’s previous quarterly dividend of $0.08.
Klabin Company Profile
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: What do investors mean by earnings per share?
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