Doman Building Materials Group Ltd. to Issue Quarterly Dividend of $0.14 (TSE:DBM)

Doman Building Materials Group Ltd. (TSE:DBM) announced a quarterly dividend on Friday, September 13th, Zacks reports. Investors of record on Friday, September 27th will be paid a dividend of 0.14 per share on Tuesday, October 15th. This represents a $0.56 annualized dividend and a yield of 7.60%. The ex-dividend date of this dividend is Friday, September 27th.

Doman Building Materials Group Stock Performance

Shares of Doman Building Materials Group stock opened at C$7.37 on Friday. Doman Building Materials Group has a 12 month low of C$6.32 and a 12 month high of C$8.64. The firm has a market capitalization of C$643.33 million, a P/E ratio of 10.24 and a beta of 1.52. The company has a current ratio of 3.78, a quick ratio of 1.11 and a debt-to-equity ratio of 132.33. The business has a fifty day simple moving average of C$6.96 and a two-hundred day simple moving average of C$7.41.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings results on Friday, August 9th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). The business had revenue of C$689.83 million for the quarter, compared to analysts’ expectations of C$742.90 million. Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. On average, equities analysts forecast that Doman Building Materials Group will post 0.8002232 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DBM. National Bankshares dropped their price target on Doman Building Materials Group from C$10.50 to C$8.50 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. CIBC dropped their target price on Doman Building Materials Group from C$9.00 to C$8.50 in a report on Thursday, July 18th. Finally, Royal Bank of Canada reduced their price target on Doman Building Materials Group from C$10.00 to C$9.00 in a report on Thursday, July 11th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$9.29.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.