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

KP Tissue Inc. (TSE:KPT) announced a quarterly dividend on Tuesday, May 14th, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.18 per share on Monday, July 15th. This represents a $0.72 annualized dividend and a dividend yield of 8.46%. The ex-dividend date of this dividend is Friday, June 28th.

KP Tissue Price Performance

Shares of KP Tissue stock opened at C$8.51 on Thursday. KP Tissue has a 1 year low of C$8.02 and a 1 year high of C$10.84. The stock has a market cap of C$84.84 million, a PE ratio of -17.02, a price-to-earnings-growth ratio of -0.88 and a beta of 0.40. The firm has a fifty day moving average price of C$8.29 and a 200 day moving average price of C$8.59.

KP Tissue (TSE:KPT) last posted its earnings results on Tuesday, May 14th. The company reported C$0.11 EPS for the quarter, missing the consensus estimate of C$0.16 by C($0.05). The company had revenue of C$479.43 million during the quarter, compared to analysts’ expectations of C$473.50 million. As a group, equities analysts expect that KP Tissue will post 0.6545894 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. National Bankshares dropped their price objective on KP Tissue from C$9.50 to C$9.00 in a report on Friday, March 8th. CIBC lowered their target price on shares of KP Tissue from C$10.00 to C$9.00 in a research note on Monday, March 11th. Desjardins dropped their price target on shares of KP Tissue from C$11.00 to C$10.00 and set a “hold” rating for the company in a research note on Wednesday, May 15th. Finally, TD Securities cut their price target on KP Tissue from C$9.00 to C$8.50 and set a “hold” rating on the stock in a research note on Wednesday, May 15th.

About KP Tissue

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.