Klabin S.A. (OTCMKTS:KLBAY) Increases Dividend to $0.12 Per Share

Klabin S.A. (OTCMKTS:KLBAY) announced a dividend on Tuesday, April 30th, investing.com reports. Shareholders of record on Tuesday, May 7th will be paid a dividend of 0.1157 per share by the basic materials company on Tuesday, May 28th. This represents a yield of 4.79%. The ex-dividend date of this dividend is Monday, May 6th. This is a positive change from Klabin’s previous dividend of $0.01.

Klabin Price Performance

KLBAY opened at $9.04 on Tuesday. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 0.61 and a beta of 1.09. Klabin has a 12 month low of $7.42 and a 12 month high of $10.26. The business has a 50-day moving average of $9.32 and a two-hundred day moving average of $9.12.

Shares of Klabin are set to split before the market opens on Tuesday, May 7th. The 11-10 split was announced on Tuesday, May 7th. The newly minted shares will be payable to shareholders after the closing bell on Tuesday, May 7th.

Klabin (OTCMKTS:KLBAY) last issued its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $908.49 million for the quarter. Equities research analysts anticipate that Klabin will post 1.18 earnings per share for the current year.

Klabin Company Profile

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.