Doman Building Materials Group Ltd. (TSE:DBM) Plans $0.14 Quarterly Dividend

Doman Building Materials Group Ltd. (TSE:DBM) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.14 per share on Tuesday, April 15th. This represents a $0.56 dividend on an annualized basis and a yield of 8.01%. The ex-dividend date is Monday, March 31st.

Doman Building Materials Group Stock Performance

Shares of TSE DBM traded down C$0.05 during trading on Friday, reaching C$6.99. 279,328 shares of the stock traded hands, compared to its average volume of 239,431. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11. The stock has a market capitalization of C$610.92 million, a P/E ratio of 10.80 and a beta of 1.53. Doman Building Materials Group has a 52-week low of C$6.32 and a 52-week high of C$9.96. The company has a 50-day moving average of C$7.43 and a 200-day moving average of C$8.21.

Analyst Upgrades and Downgrades

Several research firms have commented on DBM. Raymond James dropped their price objective on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. TD Securities set a C$9.50 price target on shares of Doman Building Materials Group and gave the company a “buy” rating in a research note on Tuesday. Finally, CIBC cut their price objective on shares of Doman Building Materials Group from C$11.50 to C$9.50 and set an “outperform” rating for the company in a report on Tuesday, March 4th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$10.64.

Insider Transactions at Doman Building Materials Group

In other news, Director Marc Seguin purchased 10,000 shares of Doman Building Materials Group stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of C$6.93 per share, for a total transaction of C$69,300.00. Insiders own 20.04% of the company’s stock.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns.