Klabin S.A. (OTCMKTS:KLBAY – Get Rating) declared a dividend on Friday, May 13th, investing.com reports. Shareholders of record on Monday, May 16th will be paid a dividend of 0.1211 per share by the basic materials company on Tuesday, May 31st. This represents a yield of 4.74%. The ex-dividend date is Friday, May 13th.
Shares of OTCMKTS:KLBAY opened at $8.04 on Friday. The firm has a fifty day moving average price of $9.69 and a two-hundred day moving average price of $9.17. Klabin has a one year low of $7.85 and a one year high of $11.04.
Separately, Zacks Investment Research downgraded shares of Klabin from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 27th.
Klabin SA, together with its subsidiaries, operates in the paper and pulp industry in Brazil and internationally. It operates through Forestry, Paper, Conversion, and Pulp segments. The Forestry segment engages in the planting and forestry operations of pine and eucalyptus; and sale of wood logs. The Paper segment produces and sells reels of cardboard, kraftliner, and recycled paper.
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