Klabin S.A. (OTCMKTS:KLBAY) to Issue Dividend Increase – $0.12 Per Share

Klabin S.A. (OTCMKTS:KLBAY) declared a dividend on Tuesday, April 30th, investing.com reports. Stockholders of record on Tuesday, May 7th will be paid a dividend of 0.1157 per share by the basic materials company on Tuesday, May 28th. This represents a dividend yield of 4.79%. The ex-dividend date of this dividend is Monday, May 6th. This is a boost from Klabin’s previous dividend of $0.01.

Klabin Trading Down 6.1 %

Shares of OTCMKTS:KLBAY opened at $8.49 on Friday. The stock’s 50-day moving average price is $9.33 and its 200-day moving average price is $9.10. Klabin has a 12-month low of $7.42 and a 12-month high of $10.26. The stock has a market capitalization of $4.77 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 0.58 and a beta of 1.12.

Klabin’s stock is scheduled to split on the morning of Tuesday, May 7th. The 11-10 split was announced on Tuesday, May 7th. The newly minted shares will be payable to shareholders after the market closes on Tuesday, May 7th.

Klabin (OTCMKTS:KLBAY) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm had revenue of $908.49 million during the quarter. As a group, research analysts predict that Klabin will post 1.18 EPS for the current year.

About Klabin

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.