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

KP Tissue Inc. (TSE:KPTGet Rating) announced a quarterly dividend on Thursday, May 12th, Zacks reports. Stockholders of record on Thursday, June 30th will be paid a dividend of 0.18 per share on Friday, July 15th. This represents a $0.72 annualized dividend and a dividend yield of 6.84%. The ex-dividend date is Wednesday, June 29th.

Shares of KPT opened at C$10.53 on Friday. KP Tissue has a 12 month low of C$10.00 and a 12 month high of C$12.51. The firm has a fifty day simple moving average of C$11.02 and a 200 day simple moving average of C$10.68. The stock has a market capitalization of C$104.19 million and a price-to-earnings ratio of 83.57.

KP Tissue (TSE:KPTGet Rating) last announced its earnings results on Thursday, March 10th. The company reported C$0.35 EPS for the quarter, topping the consensus estimate of C$0.03 by C$0.32. The business had revenue of C$424.03 million for the quarter, compared to analyst estimates of C$385.20 million. On average, equities research analysts predict that KP Tissue will post 0.48 EPS for the current year.

A number of analysts have commented on KPT shares. Royal Bank of Canada cut shares of KP Tissue from an “outperform” rating to a “hold” rating and cut their price target for the company from C$12.00 to C$11.00 in a research note on Friday, March 11th. National Bankshares increased their price target on shares of KP Tissue from C$10.50 to C$11.00 in a research note on Thursday, February 24th.

About KP Tissue (Get Rating)

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, as well as manufactures private label tissue products.

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Dividend History for KP Tissue (TSE:KPT)

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